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The Great and wonderful [section] 341 hearing.(SELECTED TOPIC)
The check came from my collection agency.
They had received a cashier's check the week before for $30,000. Our share, after collection commission and attorney suit fees, was $20,850. It was only 55 percent of our claim, but it was all bad debt recovery. In other words, it was all profit.
Pretty good for a no asset Chapter 7 bankruptcy, huh?
All of this because I got off my duff and attended the [section]341 Meeting of Creditors. It's a fun story, so sit back, have a cup of joe and hear how all of this went down.
Bobbins Electric (a fake name in order to protect my former customer from the consequences of his own actions) opened an ...
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Source: HighBeam Research, The Great and wonderful [section] 341 hearing.(SELECTED TOPIC)