Ch 11 Hearing over... What do you think?

[SnoopyCool]

DH filed the claim against former employer for wages owed, all documented (proof that he was owed what he asked for... including signature from company president saying she owes him the $). Company's numbers crunched on what is owed to DH are half of what he is actually owed.

After the creditor's hearing today, DH talked to the bankruptcy trustee. Trustee says that disputing the amount company listed as being owed to DH will drag him through the court system if they decided to fight him on it. Is he tucking tail and running if he pulls the claim and accepts what they've proposed to pay back to him (half of what he has claimed, again his claim is fully supported)?

We've already written any of this money off, so he's tempted to fight. But then again any $ is better than no money and he'd just like to close this chapter of his life out. It just sucks that these people, who have scammed so many people out of money, seemingly are about to get away with something else. They stink and if I had a rubber chicken I'd smack them with it.

Again, would you accept their offer or try to get actual amount owed?

[creditcardfree]

How much money are we talking about?

I'm tempted to say...it is time to move on. Take the smaller amount and be done with it. Yes, one may always wonder if you could have gotten more, but the headaches will be over and you'll have some money in your pocket rather than none.

[maat55]

I don't know how solvent the company is as to whether they will be able to pay the full amount in the future, so I would consider taking the offer now and not loosing any sleep.

If it were a good sum of money and I had a reasonable chance of getting it, I might go for it. Hope this was helpful.