Comments on: If you never experience pain…

By: Cliff Pape

Cliff Pape — Tue, 27 May 2008 15:07:27 +0000

Thats go advice. Just follow your plan and remember to be flexible.

By: John

John — Sun, 25 May 2008 14:24:40 +0000

Hang in there. Try to just do things rather than being idle and thinking. I’m similar in that if I think too much about myself I get depressed. It’s better if I’m doing something to make myself better. It helps me forget and the gradual improvement that comes from the action makes me feel better.

By: Cliff Pape

Cliff Pape — Fri, 23 May 2008 03:07:03 +0000

Mr. Wolf lets try and be supportive it does not help to be critical. I appreciate your passion about the subject. However, debt kid has been willing to open up this very personal matter to everyone and we should support him.

By: debt kid

debt kid — Wed, 21 May 2008 22:36:29 +0000

@ the wolf – that’s just a blatant lie. Here’s some history for you: I paid all my business credit card arrangements that I worked out at 0%. The DMP was a mistake, and I filed the BK shortly after that. But I paid when I said I would on the DMP, I made it clear to them that I would be stopping payments.

I will not miss an IRS payment. Just stick around and watch…

By: the Wolf

the Wolf — Wed, 21 May 2008 22:19:40 +0000

Elaboration to Cliff Page: DK makes payment arrangements, not payments. Witness many signed business credit card agreements, promising to maintain payments (unpaid) and a DMP (unpaid.) Just some history for you.

By: Cliff Pape

Cliff Pape — Wed, 21 May 2008 19:58:11 +0000

Good point Wolf, that is what I wanted to say but, that is a can of worms in itself. I would just say have a IRS tax professional negotiate your IRS situation. This will ensure that IRS lien is not attached to personal items. Yes they can attach a lien to various assets for non payment; however, debtkid is making a payment arrangement so that should not happen.

Wolf makes a great point talk to a professional attorney and “IRS accountant” who know how to work within the system. That all I want to say because this really is a can of worms.

Side note IRS accountant: This is someone who used to work for the IRS and now does public accounting.

By: the Wolf

the Wolf — Wed, 21 May 2008 16:38:49 +0000

I am ruminating over various comments and I still don’t think you or any of your commenters have any idea of what a Federal tax lien is going to do to your business. Have you inquired i.e. asked your personal banker, or a tax attorney? Now might be the time.

By: BDP

BDP — Wed, 21 May 2008 02:35:21 +0000

Hi Debt Kid—I am curently buying a house subject to a short sale. The seller agreed to my offer…now I wait for the bank to decide. Can you give me some idea what to expect from the bank, etc and maybe twist it to the buyers point of view??

By: Blake

Blake — Wed, 21 May 2008 01:31:01 +0000

Cliff really knows his stuff – I mean he’s a freak really. He likes helping with this kind of stuff too much haha. I am getting him up to speed on your story.

I completely understand where Smart Girl is coming from and I don’t completely disagree necessarily. But sort of expanding on what you said, when you are managing the cash flow of your own business it is hard to pass judgment from an outside perspective.

If there is a safe business investment opportunity where your customer base has a predictable pattern then that’s a good choice. Just my opinion…

By: Cliff Pape

Cliff Pape — Wed, 21 May 2008 01:25:28 +0000

Do you have extra cash flow that does not need to go to the business?