tricky situation

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pooltime

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tricky situation
« on: September 25, 2011, 02:11:23 PM »
I am self-employed and signed a lease for 10 years. Under the lease, I pay $4000 monthly. However, I sublet half to another business so I receive $2000 p/month from the sublet (my actual expense then is $2000).
In bankruptcy, will the $2000 I receive monthly under the sublet be considered income?

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Nevergiveup

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Re: tricky situation
« Reply #1 on: December 31, 2013, 07:14:55 PM »
Of course that will be considered as income  since you have the same expenses , it should be fine  but to be so sure get legal advice from insolvency lawyer.

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asujikungzx

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Re: tricky situation
« Reply #2 on: September 03, 2014, 12:10:51 AM »
I read up on it I'm like a lot about it. Because this is a very useful read for me.

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Dumdum

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Re: tricky situation
« Reply #3 on: September 04, 2014, 10:06:36 AM »
I read up on it I'm like a lot about it. Because this is a very useful read for me.
And just what does that mean?

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JEC

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Re: tricky situation
« Reply #4 on: September 20, 2014, 09:37:07 PM »
I read up on it I'm like a lot about it. Because this is a very useful read for me.
And just what does that mean?

A big fat nothing...lots of spammers on this site!

 

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