I think the land is in our individual names as of now.<br><br>Richard<br><br><br><br><div class="gmail_quote">On Fri, Jul 1, 2011 at 11:37 AM, Susan Robinson <span dir="ltr"><<a href="mailto:susanr@baymoon.com">susanr@baymoon.com</a>></span> wrote:<br>
<blockquote class="gmail_quote" style="margin: 0pt 0pt 0pt 0.8ex; border-left: 1px solid rgb(204, 204, 204); padding-left: 1ex;"><u></u>
<div text="#000000" bgcolor="#ffffff">
Very possibly!<div><div></div><div class="h5"><br>
<br>
<br>
On 7/1/11 10:58 AM, Jason Mackay wrote:
<blockquote type="cite">
<div style="font-size: 11pt; font-family: Calibri,sans-serif;">So the
land on the hill basically screws us it sounds like. <br>
<br>
Sent from my Windows Phone</div>
<hr>
<span style="font-weight: bold; font-size: 10pt; font-family: Tahoma,sans-serif;">From:
</span><span style="font-size: 10pt; font-family: Tahoma,sans-serif;">Susan
Robinson</span><br>
<span style="font-weight: bold; font-size: 10pt; font-family: Tahoma,sans-serif;">Sent:
</span><span style="font-size: 10pt; font-family: Tahoma,sans-serif;">Friday,
July 01, 2011 10:49 AM</span><br>
<span style="font-weight: bold; font-size: 10pt; font-family: Tahoma,sans-serif;">To:
</span><span style="font-size: 10pt; font-family: Tahoma,sans-serif;"><a href="mailto:marshamoreno@armory.com" target="_blank">marshamoreno@armory.com</a></span><br>
<span style="font-weight: bold; font-size: 10pt; font-family: Tahoma,sans-serif;">Subject:
</span><span style="font-size: 10pt; font-family: Tahoma,sans-serif;">[Marshamoreno]
Fwd: insolvency</span><br>
<br>
<br>
<br>
> Basically, you just total up all of her assets (current fair
market <br>
> value ) including home, cars, 401k, IRAs, land, etc then subtract
the <br>
> amount she is in debt (including mortages, credit cards, etc) at
the <br>
> time the debt is forgiven (so before it was settled). If the
amount of <br>
> debt is larger than the amount of assets, then she is insovent.<br>
> <br>
> Make sense?<br>
> Susan<br>
> <br>
> -------- Original Message --------<br>
> Subject: [Marshamoreno] insolvency<br>
> Date: Fri, 1 Jul 2011 10:40:44 -0700<br>
> From: Richard Robinson <a href="mailto:chigorin@gmail.com" target="_blank"><chigorin@gmail.com></a><br>
> To: <a href="mailto:marshamoreno@armory.com" target="_blank">marshamoreno@armory.com</a><br>
> <br>
> <br>
> <br>
> hi --<br>
> <br>
> Jason wants to know what it takes to establish insolvency. Do you
have <br>
> the official requirements/process/definition for that? Or pointers
to it?<br>
> <br>
> Jason just dissolved $20k of Marsha's debt. There is more to
Marsha's debt.<br>
> <br>
> Richard<br>
> <br>
</blockquote>
<br>
<br>
</div></div><div>-- <br>
<div>
<p style="margin: 0in 0in 0.0001pt;"><span style="font-family: "cursive","serif";">Susan Robinson, EA<u></u><u></u></span></p>
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