Month: June 2010

Friday Fill In #179

9 Comments

1. I’m not sure I could tell you what is my favorite place to travel to. (I’m not much of a traveler. I CAN tell you I HATE driving in Boston. Take the T.)
2. When I think about my childhood, I often remember how much fun I had during the summers, being allowed to roam free all over Spruce Head Maine. I could tell my mom “bye” in the morning, and she could let me go anywhere, pretty much, without worry.
3. A good wife makes for a good friend.
4. The wind in the trees, the rain on my skin, and thus does my cheesy couplet begin.
5. I’m not sure I could tell you what is so exciting! (Seems like I haven’t been excited in a while.)
6. My best friend knows everything there is to know about me. (I’m so thankful I married her!)
7. And as for the weekend, tonight I’m looking forward to seeing my jump/swing band on TV, tomorrow my plans include working at the Rockland Kiwanis “Bike Rodeo” (if it doesn’t rain), and Sunday, I want to attend biker Sunday at church, and hopefully it won’t be raining so we can go to The Blessing of the Bikes!

The Profitability of Bankruptcy

Leave a Comment

At work, I’m the guy who deals with accounts payable. I’m the guy that gets the letters from the bankruptcy court that says: “This person is filing for bankruptcy. How much do they owe you?” I then tell them the relatively small amounts that are owed. Then, I’ll get a letter back, saying (in a sense) “The debtor can pay this much. He owes a metric butt ton to these other people. They’re going to get a pittance payment. You’re getting nothing.”

Today, I received a follow up letter regarding a business that went belly up. They owe my company $266.00. Though nothing is final, I’m sure I won’t see a penny of this. The follow up letter is letting me know of an upcoming meeting. The accounts for the company are asking for a shade under $409,000! The attorneys are asking for $575,000! And we’ll get nothing. I wonder how much the attorneys and accountants “wrote off” for this company…