Layout:
Home > Debt owed to me update

Debt owed to me update

December 4th, 2013 at 02:52 pm

cautiously happy.
Regarding the money owed to me from California. Well the debt has been split in half- with a new business owner agreeing to pay half, and the old partner who was bought out agreeing to pay half.

Yesterday the old bought out partners brother sent me $5k. Bringing his balance down to $7k left to pay. relief.

Also yesterday the new business owner sent me $1k. He said finances are so tight right now because he just bought out the old partner. Husband thinks he is going to bleed the money out to me because he is friends with our ex business partner. Whatever- as long as I get the money.

The only complicated thing is now keeping track of which party owes me what amount of money.

Just so that I can keep track and have a place to refer to when I am uncertain of amounts owed:
New owner owes me $14k
Old business partner owes me $7k

If I really recover all the money owed to me I'll be so relieved. I definitely learned my lesson. Never lend money and never take an informal payment plan. And never go into business with someone! So much of my daily energy is spent reliving the mistakes and trying to rectify the consequences.

In other news- every day is still devoted to the baby. She's doing well- she is just so time consuming. I am not used to dealing with things that do not have an on/off switch.

1 Responses to “Debt owed to me update”

  1. Rachael777 Says:
    1386272462

    Congrats for hanging in there. looks like it may all come in. I loaned someone $5000 last year (had doubts but he was very sick etc etc). have not seen it.. trying to get it. I could so use that.. he called last week though.. said he was 'selling his motorcycle'.. we will see..

    Best not to loan money without collateral worht the same or more you can just take and save. you live and learn.. I am still learning. Smile

Leave a Reply

(Note: If you were logged in, we could automatically fill in these fields for you.)
*
Will not be published.
   

* Please spell out the number 4.  [ Why? ]

vB Code: You can use these tags: [b] [i] [u] [url] [email]