Betty The Restauranteur

[Buzzard]

Spending the sales tax money, not paying all the other taxes... Is she even making proper payroll anymore? (and all the taxes/withholdings THERE as well)
It looks like someone else is going to own that restaurant in the not-so-far future, with Betty looking to spruce up her new digs at the Grey-Bar Hotel. (And/or having to sell house to make the tax-men happy)
But in the mean time, she's having a good time, right? That's the important part. (Where's that head-desk emote when you need it?)

[Pixelated]

This puzzles me. She has lots of business you say...wtf is she spending all her money on?

I once rented a room in a large house owned by a single guy. He had, IIRC, at least three other tenants besides myself. No idea where HIS money went but the utilities were constantly being threatened with shutoffs due to delayed or nonpayment of bills.

One guy got tossed out for being drunk and loud. Eventually the remaining three of us decided we'd had enough with the utility problems and we all handed in our notice on the same day. Landlord got totally pissed that night. (And no, he didn't appear to be a drinker prior to that, so I don't think that's where the money was going.)

[taxguykarl]

We're going to go over all this again Monday and see what we can come up with. Betty and her husband haven't come in yet, but that's probably just as well.

Sooner or later this nonsense has to end. So who will start that ball rolling?

[dalesys]

... So who will start that ball rolling?

Rollin' rollin' rollin' ... Frawdhide!

[earl colby pottinger]

Oh dear

The request for a letter claiming a loan request she never asked for sounds like she has been delaying people by claiming she was trying to get a loan and she just had to wait on the bank, but meanwhile she never contacted the bank about a loan.

If she had been doing this for too many people she can be hit from multiple directions at the same time when the whole house of cards collapses.

[Ghel]

We have told Betty the past few years that we wouldn't advance any more funds to pay her past due property taxes, so it makes sense she thought that we wouldn't lend her $38,000 to pay the state. And we probably won't. But since she didn't even apply...

I suspect what happened is she missed several payments on her repayment plan for the sales tax lien, and the state asked her if she could take out a loan to pay back the rest. She told them there's no way, and they told her she needed to get a denial letter to prove it.

It's bad any way you slice it.

[Tama]

She'll pull money from somewhere, I'm sure...and kick this along for ANOTHER year.

Or this might finally be it. Where's that Michael Jackson popcorn gif...

[taxguykarl]

She'll pull money from somewhere, I'm sure...and kick this along for ANOTHER year.

I think you may be right

[Ghel]

The State must be keeping after her, because Betty called today asking how much we could lend her and how long it would take. She said the person from the State wanted to know. I told her we still need her and her husband to come in with the documentation of how much they owe and preferably updated income tax returns to show what income they (don't) have. She said she'll call back to schedule an appointment.

It's almost certain the bank won't lend her any more money, but we'd like to know how far in the hole she is.

[Victory Sabre]

I have a feeling her house of cards is about to be knocked down.

[morgana]

we'd like to know how far in the hole she is.

Approaching China, I imagine . . .

[dalesys]

Approaching China, I imagine . . .

... and accelerating ...

[Ghel]

I talked to Betty again yesterday, trying to convince her to come in and go over her situation with us. She was somehow able to convince the local credit union to lend her the $38,000 to pay the state sales taxes. Her husband put up some collateral (probably logging equipment). I told her we still need them to come in and talk with us about how they intend to pay the rest of the liens and the property taxes. She claimed the tax liens were supposed to be paid off with her repayment plan from the chapter 11 bankruptcy she filed several years ago. She said she'd contact her lawyer about that. Which, yeah, some of the tax liens go back to 2005, but some were filed as recently as 2017 and 2018.

I asked her several times during that call to schedule a time for her and her husband to come in to talk with us, and she waffled each time. The last time, she said her husband was out in the woods until at least the end of the month trying to get timber out before the thaw. <sigh>

I guess on the good side, they should have some income from the sale of timber to pay property taxes with.

[Buzzard]

I guess on the good side, they should have some income from the sale of timber to pay property taxes with.

Optimistic, aren't ya? You underestimate the power and speed of the junkie mindset. "There is money, we must spend every penny NAOW!" Her drug of choice seems to be the casinos, but still...
Aaaand I know that the bank can see most loans/liens a person might have, but who ELSE does she owe a chunk to?

[Irving Patrick Freleigh]

Aaaand I know that the bank can see most loans/liens a person might have, but who ELSE does she owe a chunk to?

The First National Bank of Legs and Vinnie?