Well, not to get too legal here and since this thread has gone completely off the rails, a lot of states have homestead exemption laws on the books.
For instance, Oregon's homestead exemption is 40k for a single person and 50k for a married couple. This exemption would apply in a bankruptcy proceeding.
In other words, in a chapter 7 filing, the home would be included in the total liquidationn and as long as the individual(s) home does not have more than the 40k per single or 50k per couple in equity, the debt (mortgage) can be reaffirmed and retained, untouched by the trustee of the bk court.
The reality is, unless the home has a sizeable value to debt margin, a bk trustee is very hesitant to force the home into foreclosure if the filer(s) want to stay in the home. He/she knows that the associated costs forcing foreclosure with what is usually left over, isn't worth it to them.
Factoring/New Authority
Discussion in 'Ask An Owner Operator' started by jodyj54, Mar 15, 2018.
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She works with no contract whatsoever, which means she can get you one load or a thousand. She needs no notice if you don't use her and you can pull anyone's load at anytime. After a month, I had pulled enough loads and had contact with the load brokers which enabled me to build-up a reference log.
I sent her my authority pack that first day and she took care of the confirmation and all the rest. All I had to do was say yes or no to a load, and pick up and deliver. It saved me a lot of time and headaches. Anyone might try that long enough to get going. Just some of my experience.Attached Files:
Last edited: Jul 16, 2018
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I pay $99/month (25/week, or $3/day) for DAT, while you pay $40+/load (maybe even per day, since you under load, EVERYDAY)
There is NO load that I have not gotten an EXTRA $200+, by simply telling them to "do better".
You have a myriad of b.s. things to say, and $$ will appear. From fuel prices, to tolls, to load weight, to pickup time, to drop time, that you can just throw into the conversation, and the other end will "make it work"
Last week, I pulled 2 loads (grossed $6,500), that each came up $400+ as soon as I decided they (broker) were not getting to where we needed to be.
Ever heard of "You dont ask, You dont get"....That's how this industry is -
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I said I did that to get started. She has had many independents using her for years. She also, as noted to the other reader KNOWS HOW to deal with brokers by telling them to do better than their first quote. This lady knows more about trucking and loads than probably most independents out there-including myself. Yes, she almost always got about $ 200 more than the initial quote. She is/was NOT a newbie to brokering loads. (Pick up the phone and talk to her one time-she will set you back in your seat with what/who, she knows) It works to get started but later after you have references, you can do it by yourself if you have time. Starting out, all I did was pickup and deliver, she usually had a preload by 4 or 5 pm for the next day. It takes a lot of stress off you when you first start with your own authority and company.
Any independent knows you can spend hours looking and booking a load only to have it cancelled whilst driving. Then, you have to find a place to park, call brokers, send your authority info to them, and negotiate fees and obtain load info. I was often delayed loading / unloading-one 15 second call to her and she rescheduled. How long does that take for a driver to do that theirself? I am not advocating this is the way to go for drivers who are established or those that have a wife that can handle things for them, simply for a new independent who is having difficuly getting started. Everything does not go as planned as an experienced driver knows. Thank you.Last edited: Jul 17, 2018
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Note: When a new independent calls for exampe: Landstar, JBHunt, CH Robinson, Pioneer, Coyote, or any othe major/minor broker-they don't know you or how dependable you are. When this lady calls, they all know her, her word and reputation. So its like dealing with someone they know and can trust and the weight of responsibilty is put onto her and concern away from a new independent. Thats how it worked for me. She would tell them how safe and dependable you are and they almost always agreed. I tried telling some of them that when I started but they would/did not care, only stating you are new and need more references. Thank you.Last edited: Jul 17, 2018
RubyEagle and Mauricio.5283 Thank this. -
Good for you to find a solution that works. -
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