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.”<\/p>\n
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…<\/p>\n","protected":false},"excerpt":{"rendered":"
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 … [Read more…]<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"entry","1":"post","2":"publish","3":"author-brhythm","4":"post-547","6":"format-standard","7":"category-uncategorized"},"_links":{"self":[{"href":"https:\/\/billyrhythm.com\/index.php?rest_route=\/wp\/v2\/posts\/547","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/billyrhythm.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/billyrhythm.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/billyrhythm.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/billyrhythm.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=547"}],"version-history":[{"count":0,"href":"https:\/\/billyrhythm.com\/index.php?rest_route=\/wp\/v2\/posts\/547\/revisions"}],"wp:attachment":[{"href":"https:\/\/billyrhythm.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=547"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/billyrhythm.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=547"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/billyrhythm.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=547"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}