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maggiesfarmer

(297 posts)
15. I was joking about the republican objection above, but upon further thought...
Thu Dec 29, 2011, 12:53 PM
Dec 2011

not sure I like this idea one bit.

take your hypothetical example: he can't get a job b/c credit is ruined. being proactive, he takes all of his widget-making knowledge and goes into business for himself. the company is moderately successful and soon he needs to bring on help in order to stay in business (he's too busy doing marketing, accounting, and manufacturing to get around to designing the next-gen widget or even sweep the floor). We've now created a situation where he can't get a job and can't build a business

Yep tavalon Dec 2011 #1
That's almost exactly what happened to me. tridim Dec 2011 #2
You didn't take him to court or anything? Zalatix Dec 2011 #4
I talked to several lawyers.. tridim Dec 2011 #10
You can escape a legal judgement with bankruptcy? Zalatix Dec 2011 #11
If the company is an LLC, yes. tridim Dec 2011 #16
Doh!!! I'd say bankrupt him regardless if it wouldn't cost you $2000. Zalatix Dec 2011 #18
Beleive me, I wanted to. tridim Dec 2011 #21
In a bankruptcy, employee wage claims are the very first priority treestar Dec 2011 #12
It was an LLC.. tridim Dec 2011 #17
The LLC was the employer? treestar Dec 2011 #20
Report to wage and hour division treestar Dec 2011 #5
Excellent argument for reform. cpamomfromtexas Dec 2011 #3
Wouldn't it be nice if we had either a) a guaranteed annual income not coalition_unwilling Dec 2011 #6
Terry was the actor, Joe(Ray Romano) had the gambling problem. sarcasmo Dec 2011 #7
Gotcha. Stupid cancellation, I couldn't find the episode to verify which one it was Zalatix Dec 2011 #8
Its all the fault of those marxist commie unions tjwash Dec 2011 #9
Now if you can just find someone in the Washington DC bubble to .. 99Forever Dec 2011 #13
I can hear the Republican objections now... maggiesfarmer Dec 2011 #14
I was joking about the republican objection above, but upon further thought... maggiesfarmer Dec 2011 #15
How will he go into business with no money to begin with? Zalatix Dec 2011 #19
Latest Discussions»General Discussion»Re: Pre-Employment credit...»Reply #15