Business & Finance - 27 May 2007

To start, I am now pretty humbled. I was making 60k a year, driving a new sports car, and living life happily with minimal debt. My wife and I made some poor financial decisions and I was left with a bit debt after our divorce. It is now at a point where with the economy, working in the sales field, I am only making just under 40k. I have 22k left to pay on the car at $550 a month, paying about $320 a month in gas to travel to my job,about 20k in unsecured debt. I had to abandon my lease in the apartment that I was living in so i have no clue what I owe to them. I tried to trade the vehicle in for something different but trade in is only worth 15k, so about 7k in negative equity, and with a low to mid 500 credit score, nobody is willing to work with me. I have thought about filing a bankruptcy, but even at 40k a year, I am above my means for a chapter 7 bankruptcy according to lawers, and breaking too even per month on a chapter 13. Maybe someone has a idea of a solution. thanks.

2007-05-27 16:54:10 · 4 answers · asked by tamaha79 1 in Personal Finance

Just trying to get some info on how to actually start a Bar/Restaurant. I already know how to get the liquer liscense and what the cost is. I just need so info on finances and what kind of places you go to get the appliances and furniture. I'd like to start a little bar that also sells a little bit of food.

2007-05-27 16:51:05 · 2 answers · asked by BillabongRider 2 in Small Business

I am here in US by a I-94 visa which means I am entitled to work here.My father wants to send me some amount as subsidy in cash . should I pay tax on it ?

2007-05-27 16:50:13 · 3 answers · asked by Anonymous in United States

2007-05-27 16:37:55 · 9 answers · asked by answers by d 1 in Corporations

what are the customer care policy in hotels ,and what is the importance of customer care policy

2007-05-27 16:27:55 · 1 answers · asked by Anonymous in Corporations

Is it a scam or fraud if some one sends you a check in the mail for 2,000 dollars to pay taxes and administration fees for money that they say you have won ($50,000). It's from a agent called Latex Finance Incorporated, an agent of Euro-Million Lotteries. The check looks legit. the check has Netzero-Department CRM , Woodland Hills, CA, in the upper left corner and the name of the bank is Silicon Valley Bank/ Mellon Bank, N.A. Pitsburg, PA. could this be a real check

2007-05-27 16:27:30 · 10 answers · asked by amber j 1 in Credit

Are there any investors who invest in stock options that have created an extra income for themselves? There is a difference between INVESTING and Working for a Living (paycheck). I have been investing in LONG CALL optrions recently. Opened an account with a deep discount brokerage-only $5.00 per trade.. I found one stock-an ETF INDEX option that seems to be working in my favor. Since most foreig market INDEXES seem to move in an upward trend i feel comfortalbe with it. It is the iShares MSCDI CANADA ETF. I have bought and sold it 2 times at a profit each time. It returned more than 50% each trade in 2 months. The discounted broker commission helps me keep more profit to. But again, is it possible to create a second income by trading LONG CALL stock options? Thanks

2007-05-27 16:23:49 · 7 answers · asked by westphalia1 2 in Investing

to avoid fraud??? if I dont plan on using store credit card? will it hurt my credit score badly? I hope I didnt make a bad decision by closing it.

2007-05-27 16:22:27 · 6 answers · asked by BAGO6 2 in Credit

Is sump pump failure and related damage covered by most homeowner’s insurance and do I have to wait for the assessor or can I repair the pump and start getting the water and damage dried out...

2007-05-27 16:18:53 · 9 answers · asked by Ralph 7 in Insurance

I'm trying to save up at the moment but I would like to have an amount to aim for.

2007-05-27 15:56:16 · 7 answers · asked by Jessy 1 in Personal Finance

2007-05-27 15:52:46 · 3 answers · asked by Anonymous in Renting & Real Estate

If i do have to pay will i have to pay it all at once

2007-05-27 15:50:01 · 8 answers · asked by Jay W 2 in United States

2007-05-27 15:48:37 · 7 answers · asked by linda89281977 1 in Renting & Real Estate

if someone hasn't filed taxes in several years and is getting paid in cash can this be considered tax evasion? if so, how much time can a person serve for this? no records of money paid, no w2's all cash all unreported. sometimes large amounts is that illegal?

2007-05-27 15:48:03 · 11 answers · asked by MIMKA 1 in United States

Someone just told me that a mortgage loan officer cannot do his/her own loan for a property that he/she is going to buy. The reason is that the agent might exagerate information to qualify for the loan (Conflict of interest). Is this true?? In other word, this mortgage loan officer has to hire someone else to process this loan

2007-05-27 15:47:12 · 7 answers · asked by mcc2047 2 in Renting & Real Estate

We had a financial advisor who signed us up for mutual funds. We pay $140 a month. We have been paying this for the last 3 years. It says on our statements that it has a face value of $27,000. What does that mean? My financial advisor explained this in a very complicated way and I didn't understand how mutual funds work. Can some put them in "Mutual funds for Dummies" terms?

2007-05-27 15:46:09 · 10 answers · asked by shadowboxer78 2 in Investing

We are moving to St Louis this summer and need to rent for 6 mos to a year. looking in St peters, St Ann, St John, Creve Couer, Maryland Hieghts, O'Fallon. We do not want to live in the city. Need 3 br 1.5+ ba, will take 2 br if it has a basement. Need reasonable rent, hopefully under 700 per month.

2007-05-27 15:40:55 · 5 answers · asked by L.E. 1 in Renting & Real Estate

I am looking to provide credit checks, background and criminal checks, employment verification etc. Im just wondering how exactly would I start out this endeavor?

2007-05-27 15:40:47 · 5 answers · asked by purrfection02 1 in Renting & Real Estate

2007-05-27 15:25:57 · 2 answers · asked by HEATHER S 1 in Renting & Real Estate

By contract our children must attend the private school system at which my wife teaches. Failure to do so would result in her dismissal. Can we claim the tuition as an employee business expense for income tax purposes?

Thanks1

2007-05-27 15:21:45 · 10 answers · asked by Anonymous in United States

found a cheaper place and need info on this asap

2007-05-27 15:16:48 · 4 answers · asked by bryan_streets 1 in Renting & Real Estate

Does anyone know of a financing company out of Maryland or abroad that can i assist me with a home loan? I really dont have any credit and credit i do isnt substantial. I have been denied from several companies and i just need a low interest rate? So i can actually afford my mortgage.. PLEASE HELP!

2007-05-27 15:08:29 · 3 answers · asked by Samaria's mom 1 in Renting & Real Estate

2007-05-27 15:08:08 · 5 answers · asked by Eddy 1 in Credit

need info on grants or help w/ loans?

2007-05-27 14:59:53 · 2 answers · asked by jeska 1 in Renting & Real Estate

why did gold standard currency end and when?

2007-05-27 14:58:25 · 8 answers · asked by Ash1227 2 in Investing

i didnt leave the company on great terms. but dont want to bash, nor should i, bash the company.

i wanted to say, i left the company in pursuit of full time oppurtunities utilizing my skills and experiences.

fyi: my last job before this one was a full time one but i left for the job i recently quit on to gain experience and skills. my first job i was in the mailroom and there were a lack of oppurtunities because i was told i lacked experiences.. so i left(on great terms) for the this job i quit on recently.

2007-05-27 14:47:56 · 7 answers · asked by kc 2 in Other - Careers & Employment

How do I send the winning bidder a grand total.when I want to send them an invoice it shows up as one item?

2007-05-27 14:43:41 · 1 answers · asked by J's leather emporium 3 in Small Business

Basically I have a normal non demanding job. I'm pretty experienced at repairing Air conditioners, heating units and the like. I already own all the tools needed and have the means to purchase any repair parts I need to repair peoples AC units on my own. My questions are how do I go about doing this on my own? What about taxes and licensing? I don't have a business license or insurance. I was thinking of just running an ad in the paper or on craigslist to get a few clients. I'm not looking at a full time job here just a little extra on the side. Are there any legalities I should be worried about? Any liabilities? I know the job but I just don't know a lot about the business side of it. I want to start small and if it works out it can grow to something bigger. I'm in the state of Virginia if that helps and would appreciate any advice on where to look for answers.

2007-05-27 14:35:10 · 8 answers · asked by Brian 6 in Small Business

IF IT IS WITH DEI THEN THEY CAN'T GO WITH JR UNLESS THEIR CONTRACT IS UP AT THE SAME TIME THAT JR'S IS.

2007-05-27 14:34:02 · 2 answers · asked by Randy 1 in Corporations

I'm in MA and need to find a mortgage company that does reverse mortgages. Thanks in advance.

2007-05-27 14:27:38 · 5 answers · asked by Ferne 2 in Personal Finance