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-   -   Threats continue- re my Bankrupsy. (https://gfy.com/showthread.php?t=919814)

pocketkangaroo 08-09-2009 09:56 PM

Quote:

Originally Posted by SleazyDream (Post 16146724)
my peek was more than that....

amount is meaningless, different amounts mean different things to different people.

I don't get how a measly night club would send you to a big bankruptcy. I mean you were pulling over 1.2 million a year at your peak. You've been online for a long time. You should have a huge cushion to fall back on. Unless you were spending on things with no value, you should have massive assets piled up.

theking 08-09-2009 10:02 PM

Quote:

Originally Posted by pocketkangaroo (Post 16165412)
I don't get how a measly night club would send you to a big bankruptcy. I mean you were pulling over 1.2 million a year at your peak. You've been online for a long time. You should have a huge cushion to fall back on. Unless you were spending on things with no value, you should have massive assets piled up.

Who said he was "pulling over 1.2 million" at his peak...him? Was it 1.2 million gross...or net? What percentage of his assets did his wife get when they divorced? And yes he blew alot of money on material things if you followed his posts about what he was buying and doing.

slapass 08-09-2009 10:04 PM

Quote:

Originally Posted by pocketkangaroo (Post 16165412)
I don't get how a measly night club would send you to a big bankruptcy. I mean you were pulling over 1.2 million a year at your peak. You've been online for a long time. You should have a huge cushion to fall back on. Unless you were spending on things with no value, you should have massive assets piled up.

You answered your own question...

will76 08-09-2009 10:06 PM

Quote:

Originally Posted by pocketkangaroo (Post 16165412)
I don't get how a measly night club would send you to a big bankruptcy. I mean you were pulling over 1.2 million a year at your peak. You've been online for a long time. You should have a huge cushion to fall back on. Unless you were spending on things with no value, you should have massive assets piled up.

I can't speak for sleazy but I was pulling in numbers like that for a couple years in a row. But when people through out numbers like that it is usually gross, so subtract your expenses, and then take out a huge chunk for taxes and I even more if you have partners to split it up with... etc... it's amazing how 1.2 can but chopped down so much by the time the money hits your wallet.

Personally I never blew money on bullshit, I invested a lot of mine into failed offline deals, online mainstream projects that never took off, and a good bit into realestate. Which made me paper rich until the realestate market crashed and all of the equity disapeared. I'm not bankrupt, but not worth nearly as much as I was just 3 years ago. On top of all of that if you have someone who buys expensive cars, lots of expensive toys, and does a lot of traveling, I can easily see how that much money vanishes.

Alky 08-09-2009 11:05 PM

Quote:

Originally Posted by pocketkangaroo (Post 16165412)
I don't get how a measly night club would send you to a big bankruptcy. I mean you were pulling over 1.2 million a year at your peak. You've been online for a long time. You should have a huge cushion to fall back on. Unless you were spending on things with no value, you should have massive assets piled up.

one to many "elite" parties?

Exotic Gold 08-10-2009 12:27 AM

Quote:

Originally Posted by SleazyDream (Post 16146636)
It's why I now use the term human garbage when referring to the person.

I heard someone in the business referred to as 'human garbage' 2-3x this weekend in Miami.

I'd be funny if it were the same guy.

Mr. Billy 08-10-2009 12:35 AM

Sleazy, what is he giving you as his reason that he would be entitled to this money? Is there some rational basis for his argument?

It sounds like he was at one time a friend. Does he feel you betrayed his trust in your handling of the bankruptcy?


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