34 posts tagged with legal and money.
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Local dealer owes us $20,000 but just closed this morning. What to do?

We are a well known bicycle brand, and one of our local dealers closed up shop over night with no notice to us or even their employees. They have over $20,000 in debt with us. What are our options? Our dealer owes us over $20,000 in debt for stock, with some invoices close to 4 months past due. [more inside]
posted by neillsom on Nov 11, 2014 - 19 answers

Buying materials for my job through my own company?

I work for a medium size 40 employee company in a management capacity. I'm responsible for purchasing equipment and software. What sort of legal issues could arise from purchasing the equipment myself and reselling it to the company? [more inside]
posted by dozo on Mar 10, 2014 - 10 answers

Unlocking Contracted Recurring Revenues to use for Debt Collateral

Every month my company sells roughly $15,000 worth of monthly recurring revenue contracts with five year term lengths. The service sells for $1,000 per month so every month we sign on 15 new customers. $15,000 * 12months * 5 years = $900,000 (total contract revenue for all 15 contracts sold during the month) We've maxed out our borrowing on physical assets held by the company and I need to find a way to unlock these revenue streams to use as collateral for further growth. What's the best way to do this? I would prefer to not have to go to every customer and amend their contracts in any way. Thanks!
posted by Paalen on Jan 24, 2014 - 16 answers

Cost of a New York City misdemeanor prosecution?

An activist performance artist is currently facing a year in jail for a 15 minute protest in a New York bank; the Manhattan District Attorney’s is charging him and his choir director with “riot in the second degree, menacing in the third degree, unlawful assembly, and two counts of disorderly conduct”. The case is well publicized and has first amendment issues; I’m curious about its economic implications. How much money will New York City spend bringing this case to trial? What if the trial goes past the one hearing? How much does it cost to jail someone for a year? Courtroom use; judge and prosecutor time; trials for other crimes having to start later, appeals: added up, what do these parts of a misdemeanor prosecution cost NYC in cash money?
posted by Haere on Dec 8, 2013 - 6 answers

Selling my car without getting any money.. How to protect myself?

For reasons that were mutually beneficial at face value, I sold my car to my SO's parent. However, therein lies the problem.. any way to get myself in a better situation than the one I've inadvertently gotten myself into without realizing the full ramifications of my decision? [more inside]
posted by lunastellasol on Sep 5, 2013 - 23 answers

Fighting family

I lent my cousin a very special item. Now they won't give it back. Do I fight or retreat? [more inside]
posted by mumimor on May 31, 2013 - 40 answers

I loaned some money to a person that I shouldn't have...now what?

I realize that YANML but I find myself in a dilemma and I'm not sure how to proceed. [more inside]
posted by masters2010 on Jan 7, 2013 - 13 answers

Is it legal to withdraw online payments without notifying the consumer?

Is it legal for a company to withdraw online payments from my account without notifying me first? [more inside]
posted by anonymous on Mar 25, 2012 - 12 answers

Health insurance for vagabonds?

Health insurance for vagabonds? (How can I purchase health insurance when I'm in between fixed addresses/states?) [more inside]
posted by anonymous on Jan 20, 2012 - 5 answers

Are you being served?

Posting for a friend who may be sued in California for a credit card debt. The friend has been a starving university student in Europe for several years, with no money to make payments on the debt. We've read this useful thread and others, but wonder what the advice is for someone who's not in the country. [more inside]
posted by anadem on Apr 6, 2011 - 6 answers

Please help my partner find a way to get financial admin help for his ADHD

Help! Looking for UK resources for my partner with ADHD who can't cope with admin, legal and money matters and who's frustrated at every turn by companies insisting they will only deal with him and that other people can't do things on his behalf. [more inside]
posted by Flitcraft on Nov 6, 2010 - 15 answers

Collecting on a Debt

Collecting money from a rogue client. Trying to be specific with information but vague with details. Desperately seeking advice. Let's get this out of the way: you are not my lawyer. [more inside]
posted by anonymous on Aug 21, 2010 - 9 answers

What to do about a major secret my mother has kept from me?

My mother has always been emotionally abusive and unable to support me in any way, but after what I found out today I feel like never speaking to her again. Has my family gone too far this time? I really feel lost on this one and would love any and all advice, including legal advice. This is going to be quite long... [more inside]
posted by delicate_dahlias on Apr 10, 2010 - 79 answers

I have more student loan debt than many morgages. What do I do?

I have ~$100K in student debt...from undergrad. A very long story with legal, emotional and financial questions after the jump. [more inside]
posted by anonymous on Mar 18, 2010 - 32 answers

Why not to loan friends money.

Does my friend have any legal recourse to get back money loaned to another friend who has no intention of paying up? More details below. [more inside]
posted by Wantok on Mar 5, 2010 - 10 answers

We're getting sued.

We're getting sued. [more inside]
posted by treepour on Mar 1, 2010 - 20 answers

What are my rights with my insurance company?

What are my rights with my insurance company? [more inside]
posted by btkuhn on Oct 23, 2009 - 6 answers

What kind of records do most sole proprietors, freelancers and consultants keep?

What sort of state of organization are the financial records of most sole proprietorships in? [more inside]
posted by anonymous on Feb 17, 2009 - 5 answers

renter/subletter issue in Brooklyn

NYC: i have a weird rent/sublet situation and would like some advice on how to protect myself, stuff, and money WITHOUT signing a lease. read on... [more inside]
posted by slograffiti on Sep 2, 2008 - 11 answers

Has anyone been convicted for murder where the motive was business?

Dick Jones from Robocop filter: Has there ever, in real life, been a convicted case of murder where a high profile, multi million/billion businessperson either killed or hired someone to kill a business competitor, either within the company or in another company? [more inside]
posted by arniec on Aug 7, 2008 - 16 answers

Managing an Anothology Project

What should I take into consideration when spearheading an anthology project? What resources are out there for us? [more inside]
posted by divabat on May 30, 2008 - 1 answer

Can my employer paid everyone else overtime but me?

Everyone in my department at work (desktop publishing) is paid overtime except me (I'm salaried) and we all have the same job title and responsibilities. Is this legal? [more inside]
posted by boognish on May 26, 2008 - 10 answers

How can I make sure there is proof I loaned someone money?

Would an agreement to pay back a personal loan by a specific date, signed and notarized by both parties be a legally binding document? [more inside]
posted by catatethebird on Jan 3, 2008 - 11 answers

...but what do you actually do?

Law/ Lawyer Filter: I've decided on Law School, but am trying to decide which area of law to focus on once I get there. [more inside]
posted by doppleradar on Oct 30, 2007 - 24 answers

Is AllWorldPrivateFunding.com legit?

Has anyone used All World Private Funding to get a loan? And if so, what was your experience?
posted by waytogo! on Oct 27, 2007 - 2 answers

How do I state the purchase price of a vehicle acquired in a trade?

Wisconsin Car Title Filter: I'm trading my vehicle for another vehicle plus cash. Wondering what to do about titling the new vehicle. [more inside]
posted by ganzhimself on Apr 18, 2007 - 3 answers

Creditors won't stop calling

So... Debt collectors are calling, and I'm not sure if they're acting within the law. Please advise. [more inside]
posted by ganzhimself on Jan 20, 2007 - 13 answers

I need my music fix!

Poor student needs music service suggestions. [more inside]
posted by tdreyer1 on Aug 4, 2006 - 23 answers

Cashed rubber checks - now I want my money!

I'm a newbie freelancer. Two of my clients, owing me money for services, wrote me checks that bounced. [more inside]
posted by brianvan on Jul 28, 2006 - 27 answers

How should American living overseas handle inheritance

Expat American hates money, inherits share of house, perhaps $100,000. Do I need an accountant, a lawyer or something else to advise? [more inside]
posted by planetkyoto on Dec 2, 2005 - 12 answers

How do I get my money back from my ex-roommate?

How do I get my money back from my ex-roommate? [more inside]
posted by thefinned1 on Dec 1, 2005 - 10 answers

How to start a business from a hobby

Help a bunch of idiots start a business maybe - advice required on how to go about it. [more inside]
posted by Leud on Aug 18, 2005 - 3 answers

Contract termination repayments

If a contractor terminates a job with a client before 100% of the work is completed, and has been paid a portion of their fee up front, is the contractor obligated to return the portion already paid, or a portion thereof? [more inside]
posted by Jesus Fucking Christ on Apr 19, 2005 - 8 answers

Question on Grants: Taxes, Keeping, Making a Living, Etiquette, and Legal Ramifications

I decided to try my hand at making a grant application, sent the 8 pages or so letter and forgot all about it. Then yesterday, I got a call indicating that I may actually have a chance of getting some if not all of the amount I requested ($40+ grand for video/photo equipment/NLE gear, stipend). Although I'm seriously excited, I have a few questions to ask you, fellow MeFites:

1. Will I owe taxes for this money?
2. What questions might their lawyer/trustee ask me if they ever call?
3. Do I get to keep the equipment after? (I know its stupid but this is my first time)
4. Can people actually earn a living doing this "grant" gig?
5. Is there some etiquette involved when receiving the moolah? (i.e. hugging the donor, kissing her feet, thank you letters)
6. Am I absolutely, legally bound to follow through with this project?
6. Any advice is welcome.

Thanks for your time and patience.
posted by anonymous on Nov 8, 2004 - 10 answers

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