as a debtor on his bankruptcy, of course I was a non-secured debt, so I will be the last to get paid. I received a letter today from the bankruptcy court of a notice of dismissal...what does that mean?
THANKS!
2007-11-24 12:18:01 · 9 answers · asked by Kim K 1 in Business & Finance ➔ Personal Finance
It means your "friend" has no legal obligation to pay you back at all, if he included the amount owed to you so if he does now it would be a miracle!
Unfortunately this also means you can say goodbye to this friendship forever!
2007-11-24 12:46:10 · answer #1 · answered by Anonymous · 3⤊ 0⤋
It means in a likelihood you are never going to see your money again. It means he doesn't have to pay you back cause he filed for bankruptcy. Sounds like a crappy friend to me.
2007-11-24 12:22:34 · answer #2 · answered by Anonymous · 4⤊ 1⤋
That means you will get exactly the amount stated in the letter you will get. My guess is the letter stated the only thing you will get is the letter.
2007-11-24 12:46:48 · answer #3 · answered by STEVEN F 7 · 2⤊ 0⤋
Sounds like you're screwed. Never mix business and friendship, it NEVER works out. Sorry you had to learn an expensive lesson. :(
2007-11-24 12:25:29 · answer #4 · answered by Paul P 3 · 3⤊ 0⤋
That means there's no money left to pay you. You are now out $4,000.
2007-11-24 13:22:08 · answer #5 · answered by acermill 7 · 1⤊ 0⤋
It means you aren't going to get your money. I think you already had that figured out.
2007-11-24 12:39:51 · answer #6 · answered by Judy 7 · 3⤊ 0⤋
It means that he no longer has to pay you anything. Sorry.
2007-11-24 12:26:05 · answer #7 · answered by Clown Knows 7 · 2⤊ 0⤋
It means you'll never get paid back. Never speak to him again until he pays you back.
That ain't right!!!!
2007-11-24 12:25:56 · answer #8 · answered by Sic Semper Tyrannis 5 · 3⤊ 1⤋
you're not going to see a penny
2007-11-24 13:00:30 · answer #9 · answered by Anonymous · 2⤊ 0⤋