Compromise

Satisfied/Released

Of $19,677 owed, I paid $15,527.96. 1099 income received for $3,881.99 which reflected amount written off by company. There were many things that led up to this event: Went through a divorce, bought a piece of real estate that resulted in significant problems, opened a business, underestimated costs of running business, etc... I had never missed a payment on anything, and I chose to pay and compromise instead of bankrupting. This event, although unfortunate will make me a much better advisor and help clients think through the what ifs.

Compromise

Satisfied/Released

?Paid $3,200 to settle the debt, $5653.19 was received in the form of 1099 income for the amount that was written off by the company and reported to the IRS. There were many things that led up to this event; went through a divorce, bought a piece of real estate that resulted in significant problems and lost business, opened a business, underestimated the costs of running the business, etc? I had never missed a payment on anything prior to this, and I chose to pay instead of bankrupt understanding the integrity of doing my best to pay. These events, although unfortunate, will make me a much better advisor and help clients navigate the what ifs.

Compromise

Satisfied/Released

Paid $3,814.16 to settle these two debts totaling $9790.46 with JH Portfolio Debt equities, $5975.86 was received in the form of 1099 income for the amount that was written off by the company and reported to the IRS. There were many things that led up to this event; went through a divorce, bought a piece of real estate that resulted in significant problems and lost business, opened a business, underestimated the costs of running the business, etc? I had never missed a payment on anything prior to this, and I chose to pay instead of bankrupt understanding the integrity of doing my best to pay. These events, although unfortunate, will make me a much better advisor and help clients navigate the what ifs.

Compromise

Satisfied/Released

Paid $3,382.67 to settle the debt, $7296.68 was received in the form of 1099 income for the amount that was written off by the company and reported to the IRS. There were many things that led up to this event; went through a divorce, bought a piece of real estate that resulted in significant problems and lost business, opened a business, underestimated the costs of running the business, etc? I had never missed a payment on anything prior to this, and I chose to pay instead of bankrupt understanding the integrity of doing my best to pay. These events, although unfortunate, will make me a much better advisor and help clients navigate the what ifs.