I borrowed money to purchase 50k in stock for the company I work for (under duress)
My boss sent me a bank our company has "connections" with.
I owned some stock already, my loan was for new stock 50k+ the value of my stock 10k, total of 60k, the bank holds the certificates the loan is fully secured. I've paid 3 years on the stock but I fell behind this year in my other finances so my CC companies jacked my interest to 29.99%, trying to juggle became impossible. My wife and I are in Pre 7 planning as I speak.
Here is the part that has me too upset to see straight...
I just got copied on a e-mail to my boss from the bank in question.
Bank to Boss: John has not paid his payment
Boss to Bank: How much does he owe?
Bank to Boss: $3,500 pay down plus intrest of xyz for last year.
Boss to Bank (copied to me): I will get with him.
Isn't that illegal???
What can I do?
Now here is the scary part, I'm afraid that due to the relationship my boss will try to fire me if I declare Chapter 7, what should I do?
My boss sent me a bank our company has "connections" with.
I owned some stock already, my loan was for new stock 50k+ the value of my stock 10k, total of 60k, the bank holds the certificates the loan is fully secured. I've paid 3 years on the stock but I fell behind this year in my other finances so my CC companies jacked my interest to 29.99%, trying to juggle became impossible. My wife and I are in Pre 7 planning as I speak.
Here is the part that has me too upset to see straight...
I just got copied on a e-mail to my boss from the bank in question.
Bank to Boss: John has not paid his payment
Boss to Bank: How much does he owe?
Bank to Boss: $3,500 pay down plus intrest of xyz for last year.
Boss to Bank (copied to me): I will get with him.
Isn't that illegal???
What can I do?
Now here is the scary part, I'm afraid that due to the relationship my boss will try to fire me if I declare Chapter 7, what should I do?
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