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Originally Posted by TripleMoonsExotic
Ok, then the debts should have been reported when the business closed its doors.
Andrew & David, I would strongly suggest you get an attorney involved being that 8 Ball was in fact an LLC. This will be much more difficult to deal with then if it were a sole proprietorship. I got taken for $1,500 by a client who closed his LLC (and subsequently opened another shortly after with a new name, our government amazes me) and I simply wrote it off as it wasn't worth the aggravation. Being that what you two are owed is over four times that, I would get legal consultation and go from there. I would try to find a lawyer down in Maryland where he is, I imagine that would make it much easier.
Good luck with everything. This is going to be a real mess.
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Reported to who? The IRS? You and I don't know his financial business. Maybe they were. It doesn't change the facts.