Money 9/24 - Chris gets sued for debt again - Verdict: Chris owes $2,476.63 to Second Round Sub

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Guardsman42 dijo:
I'm really curious on the co-mingling of government money. Like, we might actually need to ask a Lawyer on that one.
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It's quite simple actually. Creditors can't garnish SSI or SSDI monies to satisfy a judgment. However, if those funds go into an account that has any other form of deposit, in this case, begging or eBay derived money, the burden of proof is on the defendant who was subject to a judgment order to conclusively demonstrate that the money in that account is solely from SSI or SSDI, thus making it exempt from collection. Since Chris is a fucking idiot, he will have no idea how to do that (doubt that Barb will either), and so there you have it. Tugboat funds get earmarked for creditors to collect in satisfaction of the judgment, Chris is too dumb to properly defend his tardbux, and that's that.
 
idosometimes dijo:
Chris has no real long term problem other than credit drying up. His tardbux are safe and he never has money in his accounts anyway. They would get $8.38 or something. Chris has made himself completely execution proof. He is insolvent so he will not even owe taxes on any debt that is forgiven. Chris has nothing and will be stuck relying on begging until he dies in a few years, but he will never have to pay any of his bills. Tards win; intelligent people who play by rules lose.
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He should consider the bankruptcy before Barb dies because then he will inherit some equity in the house. Right now all of his assets are exempt. Let's be honest; these debts are not going to be paid off ever.
 
onemap112 dijo:
He should consider the bankruptcy before Barb dies because then he will inherit some equity in the house. Right now all of his assets are exempt. Let's be honest; these debts are not going to be paid off ever.
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The only thing that he's going to inherit is Barb's personal property, which is absolutely worthless. Hell, less than worthless, because he'd have to pay someone to come in and clean up the hoard and haul all the junk away. The house has at the very least a second mortgage that isn't anywhere close to being paid off, and might have a third. As soon as Barb dies, Chris will end up homeless, at least after the foreclosure process finishes up.

That aside, I agree, these current suits and accompanying judgments are never going to be paid off, and his best bet at this point would be to declare bankruptcy, as nothing that he currently owns is worth seizing, or is probably even eligible for seizure... not sure about Virginia's personal property exemption, but I'm guessing that no creditor is going to be interested in trying to sell hundreds of Lego sets.
 
Guardsman42 dijo:
then watch his tardbucks get dropped because he was exceptional enough to admit to having some thing called self employment and people have spent thousands on his literal trash.
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I think it was mentioned that he is allowed to earn a certain amount each month that won't conflict with his tugboat. Chris may have run foul of that a few years ago, when his Patreon was high and he was selling medallions, but since he's become lazy his Patreon is shrinking and his eBay biz turned into straight demanding donations.
 
RustyNail(her) dijo:
I think it was mentioned that he is allowed to earn a certain amount each month that won't conflict with his tugboat. Chris may have run foul of that a few years ago, when his Patreon was high and he was selling medallions, but since he's become lazy his Patreon is shrinking and his eBay biz turned into straight demanding donations.
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He's allowed roughly 1180USD per month of income through work. While he's certainly made more than that in revenue during some months, I have no idea how he would calculate his profit, so it can't really be said whether he'd lose his SSDI.
 
When you have debts, but there are no assets that can be taken away, that is the perfect time to do absolutely nothing. No reason to declare bankruptcy. What good does it do? It's not like Chris is going to rebuild his life. He never built it in the first place. All he needs to do in life is exist. The tugboat will see to that as long as he doesn't get robbed by trolls.
 
Second Round LLC usually handles auto loans and telecommunications along with consumer financing disputes

Is Son-Chu's time running out at last or did Fatty's shitty consumer credit habits finally catch up to him?

Will they finally re-posses the Horde?

Only thyme will tell!
 
fiu0cm dijo:
He's allowed roughly 1180USD per month of income through work. While he's certainly made more than that in revenue during some months, I have no idea how he would calculate his profit, so it can't really be said whether he'd lose his SSDI.
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Chris would lose $1 of his tugboat for every $2 of SGA income he made over the limit. I can't remember exactly what his tugboat is right now, but he'd have to make in the neighborhood of $4000 per month of something the SSA determined to be substantial gainful activity to lose it entirely.

Those are early retirement/survivor rules and I'm a dumbass.
 
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Hrothgar dijo:
Chris would lose $1 of his tugboat for every $2 of SGA income he made over the limit. I can't remember exactly what his tugboat is right now, but he'd have to make in the neighborhood of $4000 per month of something the SSA determined to be substantial gainful activity to lose it entirely.
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Does earned income exclusion apply to SSDI only recipients? I can't find anything that explicitly states that. SSDI doesn't have the same work incentives that SSI has, and I'm pretty sure earned income exclusion isn't available to those only on SSDI.
 
fiu0cm dijo:
Does earned income exclusion apply to SSDI only recipients? I can't find anything that explicitly states that. SSDI doesn't have the same work incentives that SSI has, and I'm pretty sure earned income exclusion isn't available to those only on SSDI.
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No, they don't get the same exclusions as an SSI recipient. They do get a trial work period of 9 months that they keep their full benefit, and a 36 month period that they can get it any month that they fall below $1180.

SSI follows the same income rules as disabled Medicaid, more or less. I never really thought about it before, but it makes sense. SSI recipients get Medicaid automatically. Even if they work enough to lose SSI, they're considered to be a disabled working individual and keep Medicaid until the SSA says otherwise.

That being said, the $1 for $2 is for early retirement and survivors. Chris has a monthly limit of $1180, but it still has to be considered SGA. I fucked up, it's been a long week.
 
fiu0cm dijo:
He's allowed roughly 1180USD per month of income through work. While he's certainly made more than that in revenue during some months, I have no idea how he would calculate his profit, so it can't really be said whether he'd lose his SSDI.
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yes but that 1180 isnt exempt from being claimed by creditors
 
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