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Freeper needs advice
03 23 2006 | Cap'n Crunch

Posted on 03/23/2006 4:16:44 PM PST by Cap'n Crunch

You load 16 tons and what do you get? Another day older and deeper in debt. St. Peter don't ya call me 'cause I can't go, I owe my soul to the company store.

Oh! The clotes need washin' and the fire won't start. Kids all cryin' and your breakin' my heart.

Whole darn place is fallin' apart. Maybe things'll get a little better in the mornin' maybe things'll bet a little better

Work your fingers to the bone and whaddy ya get? Boney fingers, boney fingers

They're closin' down the textile mill across the railroad tracks, foreman says these jobs are goin' boys and they ain't comin' back, to your hometown.


TOPICS: Your Opinion/Questions
KEYWORDS: bankruptcychapter7
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Don't know how long this thread may last but, here goes.

Was wondering if anyone out there has been through a 'new' Chapter 7. I haven't filed yet, talked to a lawyer but through the 'mumbo-jumbo' , 'jumbo-mumbo' lawyer speak and the sunshine pumping, I don't know what to expect.

Bought this carry out pizza shop a few years ago and since then Ford left town, Marconi Industries closed, a bunch of smaller businesses have left also.

The only thing we seem to have plenty of now is crime. Got the place up with a realtor but everybody is afraid to come to this town.

So, bankruptcy may be inevitable. Anyone with advice or experience with this would be greatly appreciated.

No charge for the songs....

1 posted on 03/23/2006 4:16:45 PM PST by Cap'n Crunch
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To: Cap'n Crunch

A BTT is the best I can do. This needs a higher-powered brain than that of a broke-down system administrator...


2 posted on 03/23/2006 4:18:28 PM PST by Billthedrill
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To: Cap'n Crunch

All I can say is..nobody loves me but my mama.

And she could be jivin' too.


3 posted on 03/23/2006 4:19:49 PM PST by SerpentDove (Free Republic is more powerful than Dan Rather, Peter Jennings and Tom Brokaw put together.)
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To: Billthedrill

Muchos Gracias. Reminds me of a song...


4 posted on 03/23/2006 4:20:05 PM PST by Cap'n Crunch
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To: Cap'n Crunch

Turn it into a "Hooters".


5 posted on 03/23/2006 4:21:09 PM PST by COUNTrecount
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To: SerpentDove

hahahaha... Mama tried to raise me better but her pleadings I denied.


6 posted on 03/23/2006 4:21:48 PM PST by Cap'n Crunch
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To: Cap'n Crunch

With the absense of money in your neck of the woods, perhaps going to the barter system would be worthwhile. You could start a pizzas for crime sale. Thieves could trade stolen goods for your pizzas and then you could put those goods on eBay.


7 posted on 03/23/2006 4:22:04 PM PST by Axhandle
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To: Cap'n Crunch
First of all, I'm sorry you are going through all this. My prayers are with you.

I hope you get help with the bankruptcy, but I am not the person to do that. I'm sure there are plenty of others around here.

Once you have figured out how to wind down this particular phase in your life, start looking for options and ways to start over new, using the lessons learned from this time around, whatever they may be. This is an opportunity for a fresh start, and new horizons.

Keep us updated!
8 posted on 03/23/2006 4:22:10 PM PST by pollyannaish
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To: Cap'n Crunch

BTT


9 posted on 03/23/2006 4:22:23 PM PST by Cicero (Marcus Tullius)
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To: Cap'n Crunch
The only thing we seem to have plenty of now is crime.

Open a liquor store.

10 posted on 03/23/2006 4:22:40 PM PST by ElkGroveDan (California bashers will be called out)
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To: COUNTrecount

It's tough out here for a pimp...


11 posted on 03/23/2006 4:23:35 PM PST by Cap'n Crunch
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To: Cap'n Crunch

Keeping it bumped....about all the help I can give ya FRiend.


12 posted on 03/23/2006 4:24:39 PM PST by Decepticon (The sheep pretend the wolf will never come, but the sheepdog lives for that day (NRA)
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To: Cap'n Crunch

Too bad you can't outsource that crime to Washinton, D.C.

People simply do not understand that outsourcing is not a win/win. Individuals, families, communities are devistated by this.

Somewhere in China, the communist party bosses are celebrating. What used to pass for conservatives are celebrating right along with them.


13 posted on 03/23/2006 4:25:13 PM PST by DoughtyOne (If you don't want to be lumped in with those who commit violence in your name, take steps to end it.)
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To: Cap'n Crunch
Even with the new Chap 7 laws, if you are truly broke and you can convince your creditors that you are truly broke, you walk away and that's that.

Under the old law, people would max out what was left of their credit lines on personal items and then hide behind Chapter 7. There was a LOT of scamming going on.

The new law will shine a flashlight up your @ss to make sure you are really penniless, but if you are really and truly broke, don't sweat it. Bankrutptcy sucks, but they can't get blood from a turnip.

14 posted on 03/23/2006 4:25:32 PM PST by keithtoo (It's STILL not safe to vote Democrat)
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To: Axhandle

A guy here actually did that, Cal Morton, ran Morton's BBQ Hut on the south side of town... did pretty good for himself. I used to joke "A free TV with every slab of ribs."

He had a lincoln, a corvette, a big 'ol boat... didn't do too bad for himself.. till the IRS caught up with him.


15 posted on 03/23/2006 4:25:41 PM PST by Cap'n Crunch
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To: Cap'n Crunch
I was born one mornin' when the sun didn't shine.
Picked up my shovel and I walked to the mine.
Loaded sixteen ton of number nine coal,
The boss man said, "Well bless my soul!"

I was born one mornin' it was drizzlin' rain.
Fightin' and trouble are my middle names.
I was raised in the den by an old mother lion,
Ain't no high-toned woman make me walk the line.

Well, you see me comin', better step aside.
A lot of men didn't, and a lot of men died.
One fist of iron, the other of steel,
If the left one don't get you then the right one will!

Gee... that last line sounds a bit like the IRS ...!

16 posted on 03/23/2006 4:26:14 PM PST by Finny (God continue to Bless President G.W. Bush with wisdom, popularity, safety and success.)
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To: Cap'n Crunch
Turn it into a Taco /Burrito stand

Demographics will surely catch up with you.

17 posted on 03/23/2006 4:26:53 PM PST by Popman ("What I was doing wasn't living, it was dying. I really think God had better plans for me.")
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To: Cap'n Crunch

I sing songs like this around the house while working.

My kids, not knowing anything musical earlier than the 80's (except what I play) think I'm singing original stuff I'm making up as I go!

They think I'm either brilliant or insane!


18 posted on 03/23/2006 4:27:11 PM PST by airborne (Satan's greatest trick was convincing people he doesn't exist.)
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To: ElkGroveDan; Cap'n Crunch

Well that's an idea Dan. How about developing a proposal for the city council based on your running a private prison filled with what used to gainfully employed U.S. citizens.


19 posted on 03/23/2006 4:27:23 PM PST by DoughtyOne (If you don't want to be lumped in with those who commit violence in your name, take steps to end it.)
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To: pollyannaish

Thank you. Wore out my knees prayin', I gotta believe the Good Lord will turn these lemons into lemonade.


20 posted on 03/23/2006 4:27:39 PM PST by Cap'n Crunch
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To: Cap'n Crunch

bumped


21 posted on 03/23/2006 4:28:01 PM PST by Popman ("What I was doing wasn't living, it was dying. I really think God had better plans for me.")
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To: Cap'n Crunch

Where are you located?


22 posted on 03/23/2006 4:28:06 PM PST by Publius6961 (Multiculturalism is the white flag of a dying country)
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To: Decepticon

Thank you, I appreciate it. I'd like to know what's on the horizon, what to expect if I go under.


23 posted on 03/23/2006 4:29:24 PM PST by Cap'n Crunch
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To: Cap'n Crunch

Become a Cigarette manufacturer and open a coffee house with sit down tables and entertainment on the weekends stock 3 walls with books of all sorts for people to read and buy ....


Use your Imagination man !


24 posted on 03/23/2006 4:30:48 PM PST by ATOMIC_PUNK ("Great spirits have often encountered violent opposition from weak minds." -- Albert Einstein)
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To: Cap'n Crunch

Where do you live? Starting businesses in dying communities is always a problem, but hope springs eternal. There are usually good reasons why people are tied to their towns and try to make the most of it. It is likely that you will look back on this time as the best time of your life. Hard times bring out good in good people.


25 posted on 03/23/2006 4:31:15 PM PST by billhilly (The Democrat symbol is no longer the donkey, it's a strait Jacket.)
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To: Cap'n Crunch

Sorry to hear about the pizza place. I tried my hand at that years ago and had to concede to Little Ceasars, et al (there went my dreams of owning the Red Wings and Detroit Tigers).

I practice bankruptcy law but everyone is still navigating the new law and its hurdles.

In your case, the issues are:

1) Are you incorporated, and if so, did you personally guarantee your business debt? If you aren't liable for the business debt, an Ohio corporate attorney can help you simply dissolve the business and assign any assets for the benefit of creditors.

2) To the extent that you are liable, and can't afford to pay it off, you will probably have to file Chapter 13 (as would have been the case last year) since, in your occupation, you PROBABLY have too much income to qualify (unless maybe you've retired or if you have lots of dependants). Also, if you have a lot of equity in your house and if Ohio doesn't offer you greater homestead exemptions than the feds, you will need to go Chapter 13 to keep your house from being attached for creditors.

The long and short of it is, see an Ohio attorney and get a consultation. That is often free, but even if you have to pay a couple hundred its worth it to get a complete evaluation of your options.


26 posted on 03/23/2006 4:31:26 PM PST by Larry Lucido
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To: Cap'n Crunch

Doesn't make it easier in the process, I know that from experience. But I always find hope in knowing that someday, I will look back and it will make a lot more sense.

All things work together for good...


27 posted on 03/23/2006 4:31:46 PM PST by pollyannaish
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To: Cap'n Crunch

LOL

---

I bought you a ten-dollar dinner...you said "Thanks for the snack."

I bought you a big fancy house...you said "Thanks for the shack."

I bought you a brand new Chevy..you said "I wanted a Cadillac."

I gave you seven children, and now you want to give em back!

But that's alright...

---

(Who can do em like B.B. King, I ask ya?)


28 posted on 03/23/2006 4:32:11 PM PST by SerpentDove (Free Republic is more powerful than Dan Rather, Peter Jennings and Tom Brokaw put together.)
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To: Cap'n Crunch
So, bankruptcy may be inevitable.

Is this personal or corporate?
29 posted on 03/23/2006 4:32:28 PM PST by P-40 (http://www.590klbj.com/forum/index.php?referrerid=1854)
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To: keithtoo

Well, it didn't help me that as soon as I bought the place Der Publik Skool System came in and raised my taxes over 130%, and that was after we fought them in court.

I understand that they did this against the State of Ohio Constitution.... and it's a common practice.

It's 'for the Children' after all.


30 posted on 03/23/2006 4:32:35 PM PST by Cap'n Crunch
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To: Cap'n Crunch

Hmmmmmm.....register as a democrat, tell em yer 1/3'd Apache on your daddy's side, 1/4th mixed minority on yer crazy aunts side (the one no one speaks of at reunions) and in touch with your feminin side and can't let go.....

Then go see the small busisness administration bean counter and look for aid packages that will divert the cost of a poor local economy till yer back in the black or I win the lotto and come up there and we'll pay it off for ya, scrape it back to bare earth and make it a park if that's what ya so desire........"wish me luck" !:o)

That's about as close to any advice (albeit piss poor) I can muster friend and bump yer question to the top.

Hope ya get some relief CC !.....Stay safe !

No nooooze from the headhunter in indian country BTW....haven't forgot ya.


31 posted on 03/23/2006 4:34:13 PM PST by Squantos (Be polite. Be professional. But, have a plan to kill everyone you meet. )
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To: Larry Lucido
you PROBABLY have too much income to qualify

I meant to add "for Chapter 7."

Under Chapter 13, the court will let you keep all your assets but will have you pay all disposable income to the U.S. Trustee, which will be paid pro-rata to your unsecured creditors, after which you will be eligible to receive a discharge of any remaining balance.

32 posted on 03/23/2006 4:34:53 PM PST by Larry Lucido
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To: Cap'n Crunch
Oh L-rd, won't you buy me
A Mercedes Benz...
33 posted on 03/23/2006 4:35:29 PM PST by Yaelle
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To: Popman

I tried a few new menu items but they haven't seemed to catch on, I think alot of people know what my other job is (evil police officer) so they don't come around...


34 posted on 03/23/2006 4:36:12 PM PST by Cap'n Crunch
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To: Cap'n Crunch

It's a big job just gettin' by with nine kids and a wife
I been a workin' man dang near all my life
I'll be working long as my two hands are fit to use
I'll drink my beer in a tavern,
Sing a little bit of these working man blues

I keep my nose on the grindstone, I work hard every day
Might get a little tired on the weekend, after I draw my pay
But I'll go back workin, come Monday morning I'm right back with the crew
I'll drink a little beer that evening,
Sing a little bit of these working man blues

Hey hey, the working man, the working man like me
I ain't never been on welfare, that's one place I won't be
Cause I'll be working long as my two hands are fit to use
I drink a little beer in a tavern
Sing a little bit of these working man blues

Sometimes I think about leaving, do a little bummin around
I wanna throw my bills out the window catch a train to another town
But I go back working I gotta buy my kids a brand new pair of shoes
Yeah drink a little beer in a tavern,
Cry a little bit of these working man blues

Hey hey, the working man, the working man like me
I ain't never been on welfare, that's one place I won't be
Cause I'll be working long as my two hands are fit to use
I drink a little beer in a tavern
Sing a little bit of these working man blues
Yeah drink a little beer in a tavern,
Cry a little bit of these working man blues

-Merle Haggard


35 posted on 03/23/2006 4:38:10 PM PST by Rakkasan1 (Muslims pray to Allah, Allah prays to Chuck Norris.(one nation, under sharia))
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To: Cap'n Crunch

Don't be afraid, go for it if it is necessary!


36 posted on 03/23/2006 4:38:11 PM PST by ladyinred
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To: Finny

My Great Grandfather used to sit me down and make me listen to that song over and over when I was about 5 or 6 years old. I still remember.

I later saw pictures of him working in the steel mills.


37 posted on 03/23/2006 4:38:11 PM PST by Cap'n Crunch
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To: Cap'n Crunch
I filed bankruptcy in 1990. I have since paid off everything I owed. But, I would tell you to NOT file. Just pay the people you owe.

The people you owe will be happy to bargain for a settlement. You may get a 50% discount on your balance owed, with a full forgiveness of the rest. Everybody wins. You just need to talk with them.

I have suffered due to the filing. It took me longer than necessary to build back my standing. But, along the way, I paid cash for things, and elevated my standard of living.

Call your creditors tomorrow, and tell them you are broke! Ask them if you can work off your debt! Stay away from lawyers. They take a cut, and nobody wins but them!
page

38 posted on 03/23/2006 4:38:34 PM PST by pageonetoo (You'll spot their posts soon enough!)
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To: airborne

I tell my kids all they have today is 'snivel rock,' nothing really good. I know some will dispute that.

Nothin' like treatin' the kids to "King of the road" once in awhile.


39 posted on 03/23/2006 4:39:46 PM PST by Cap'n Crunch
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To: Axhandle

Set up an E bay center...have people bring stuff for you to sell,pack & ship for a 25% commission plus expenses.Keep offering coffee and donuts and loop Itunes through some speakers.


40 posted on 03/23/2006 4:42:13 PM PST by TET1968
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To: DoughtyOne

Not a bad idea. The city has brought in Registered Sex Offenders, just released from prison. But, the jail may have beat me to the punch on that one, rumor is they are trying to buy up some Metro Housing and put recently released inmates there, giving them counceling and breaking them into civilian life.

In the words of Napoleon Dynamite: "dang"


41 posted on 03/23/2006 4:42:20 PM PST by Cap'n Crunch
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To: Cap'n Crunch

Bump


42 posted on 03/23/2006 4:42:59 PM PST by Straight8
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To: Cap'n Crunch
I hope this helps.

In the meantime, you can always try selling cigarettes on the side since they'll be illegal soon anyways...just hve your business card say you're a humble baker : )

43 posted on 03/23/2006 4:43:06 PM PST by WestVirginiaRebel (Common sense will do to liberalism what the atomic bomb did to Nagasaki-Rush Limbaugh)
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To: Publius6961

I am located in the People's Republic of Lorain, Ohio. Home of Congressmen Sherrod Brown & Dennis the Menace Kucinich...

Everybody makes fun of Cleveland, Cleveland makes fun of Lorain.

I got ta laugh to keep from cryin'


44 posted on 03/23/2006 4:44:06 PM PST by Cap'n Crunch
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To: Cap'n Crunch

What city are you in? Can you post your menu? (not that has anything to do with anything, but it's dinnertime!)


45 posted on 03/23/2006 4:44:30 PM PST by operation clinton cleanup
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To: elkfersupper; ConservativeLawyer; joanie-f; Travis McGee

Ping for an assist with info if ya have time.....Crunch is one of the good guys ! Steer him right if ya can.....

Stay safe !


46 posted on 03/23/2006 4:44:44 PM PST by Squantos (Be polite. Be professional. But, have a plan to kill everyone you meet. )
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To: Cap'n Crunch

My 16 year ols son is a natural when it comes to music. he can listen to a guitar riff, and in a few minutes play it.

he's a better than average drummer, and intent on forming a band, so I don't rip on him too much.


he also is a whiz on remembering lyrics of any song.


47 posted on 03/23/2006 4:45:20 PM PST by airborne (Satan's greatest trick was convincing people he doesn't exist.)
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To: Cap'n Crunch

Turn it into a check cashing business....I'm serious.


48 posted on 03/23/2006 4:48:11 PM PST by Hildy
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To: ATOMIC_PUNK

Well, I'd have to think of something that would go good here, last night a woman got stabbed, one guy got shot and someone shot up a house with 12 9mm rounds.

I suppose I could open up a 'drop gun' store. Free box of 9mm rounds with every pizza...

This town is not real business friendly either, somehow they think that everyone who owns their own business is Nelson Rockefeller....money just falling out of their pockets. Especially the State and the Schools, they come after you like a pack of wolves.

Things I didn't know when I got started. I have a newfound respect for the small businessman in this country.


49 posted on 03/23/2006 4:48:30 PM PST by Cap'n Crunch
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To: Cap'n Crunch

You could hire all the East-Asian Indians in your town and open up a Dell Computer call center.


50 posted on 03/23/2006 4:48:43 PM PST by ElkGroveDan (California bashers will be called out)
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