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Sell now...defer payment til Jan. Anyone gunshy of this approach?
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mn_feeder
Posted 10/14/2020 15:01 (#8545819 - in reply to #8545807)
Subject: RE: Sell now...defer payment til Jan. Anyone gunshy of this approach?


MN
Um ... not that I know of, here once you sign that Deferred Payment Contract you're an unsecured creditor.

There was a case a few years ago in MN an elevator went belly up, had a bunch of deferred payments that got almost nothing. They had to file against the state bond (like $100k or something) think iirc they got maybe 10% of what they had deferred.

But hey! They probably saved some income taxes!!!

Edited by mn_feeder 10/14/2020 15:02
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