Offshoreonly.com - Help! Issue with Mcleod Design in MI!!

Offshoreonly.com (https://www.offshoreonly.com/forums/)

- General Boating Discussion (https://www.offshoreonly.com/forums/general-boating-discussion-51/)

- - Help! Issue with Mcleod Design in MI!! (https://www.offshoreonly.com/forums/general-boating-discussion/230437-help-issue-mcleod-design-mi.html)

Quote:

Originally Posted by Jupiter Sunsation (Post 3139128)

On the "preferrential payments" thing what if you tell the bankruptcy court you simply don't have the money? In Mark's case he got $75,000, what if he simply paid all of his outstanding bills with that money?

Most small businesses don't keep 75K in their checkbook so if the money is gone could you argue A. the money was indeed a legitimate debt and B. if you are forced to repay it then it puts your company in jeopardy of bankruptcy as well!

The entire explination is to long to explain this Scott,
Unfortunatly in order to maintain running a business like we did, servicing the auto industry, it was a sticky wicket and cost less than litigation and the blackballing that can be done to a supplier in the auto industry so we did pay it back

SOme time i will share how it all worked with you over a pop or three :)

Quote:

Originally Posted by Strip Poker 388 (Post 3110300)

I had a thread that got poofed:(keep calling.

She shouldn't of charged the card until ready to ship,She keeps credit card info.

I saw this thread, Rob and I remembered that. That was pretty ****ty. Sad when you have to get a lawyer involved for something they could have done correctly so easily.