I started my personal property list last night, and a few questions came up:
When I am listing some EE Savings bonds, which are $50 savings bonds, but most are currently valued at around $30, I was wondering how to list/value them. My thoughts were to say "$50 EE Savings bond, Current Value $xx" and then put the current value as the replacement value. I have plenty of exemption, so they won't be taken, but I want to make sure they are listed correctly.
Do *I* own my kids toys and clothing, or does my minor child, and I am holding them for him?
I had a client for my sole proprietorship that refused to pay his bill of about $4500. Since he is refusing to pay, I believe he is no longer in Accounts receivable, and should be put down as a set-off (I just read the NOLO book in the last two days, and don't have it right next to me for reference, so maybe I am saying the wrong word. I wanted to ask this morning, so when I work on it tonight, I have some answers from you fine people). I have started debt collection against him, but I am still doing it myself, and haven't passed it off to a DCA. (I have talked with a DCA, and am following the steps they suggested before they take the account over).
This same client, in refusing to pay my bill also "demanded" that I return the initial deposit for services rendered, although I do have a contract, and it very clearly states that his deposit is non-refundable, already applied to work performed. The law is on my side, and I don't worry about him legally being able to get his money back. The question is, should I list him as a creditor, so if he does try to sue me in the future, I can save myself the headache?
I know it says that listing a creditor in a BK petition isn't the same as admitting I owe the debt, but this guy is skeezy, and when he gets notice from the Trustee trying to collect the $4500, I don't want him coming after me out of spite. The $4500 would also be able to be exempted, so would the Trustee even contact him? I kinda relish the idea of him getting debt collection from the Federal Government, since his refusal to pay is a big part of why my wages started getting garnished (I couldn't afford the medical bill that I am getting garnished for), and the kick-off to this entire BK. Plus, he's a jerk. Who has a history of not paying his 1099 contractors. Wish I would have known that before I began work for him.
Thanks!
When I am listing some EE Savings bonds, which are $50 savings bonds, but most are currently valued at around $30, I was wondering how to list/value them. My thoughts were to say "$50 EE Savings bond, Current Value $xx" and then put the current value as the replacement value. I have plenty of exemption, so they won't be taken, but I want to make sure they are listed correctly.
Do *I* own my kids toys and clothing, or does my minor child, and I am holding them for him?
I had a client for my sole proprietorship that refused to pay his bill of about $4500. Since he is refusing to pay, I believe he is no longer in Accounts receivable, and should be put down as a set-off (I just read the NOLO book in the last two days, and don't have it right next to me for reference, so maybe I am saying the wrong word. I wanted to ask this morning, so when I work on it tonight, I have some answers from you fine people). I have started debt collection against him, but I am still doing it myself, and haven't passed it off to a DCA. (I have talked with a DCA, and am following the steps they suggested before they take the account over).
This same client, in refusing to pay my bill also "demanded" that I return the initial deposit for services rendered, although I do have a contract, and it very clearly states that his deposit is non-refundable, already applied to work performed. The law is on my side, and I don't worry about him legally being able to get his money back. The question is, should I list him as a creditor, so if he does try to sue me in the future, I can save myself the headache?
I know it says that listing a creditor in a BK petition isn't the same as admitting I owe the debt, but this guy is skeezy, and when he gets notice from the Trustee trying to collect the $4500, I don't want him coming after me out of spite. The $4500 would also be able to be exempted, so would the Trustee even contact him? I kinda relish the idea of him getting debt collection from the Federal Government, since his refusal to pay is a big part of why my wages started getting garnished (I couldn't afford the medical bill that I am getting garnished for), and the kick-off to this entire BK. Plus, he's a jerk. Who has a history of not paying his 1099 contractors. Wish I would have known that before I began work for him.
Thanks!
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