Quote:
Originally Posted by SuperSwag
What does a guy like Erik do in this situation?
binking a wsop event will hardly do anything unless its the main or the 50k.
His options are:
-- Liquidate assets (home, investments, properties), if any
-- Reach a settlement/payment plan with the IRS
-- Attempt to negotiate payment plans/settlements with his creditors
-- Borrow money from family/friends, if possible
-- Bink a tournament/make money @ cash game while staked
If that fails, enter bankruptcy (likely chapter 7) and discharge as much debt as possible, and then repeat the cycle. Given that the IRS tax liens have already been levied, and they are not an insubstantial sum, they won't go away with chapter 7.
It's pretty hard to know exactly how deep in the hole he is without knowing his assets, but IRS tax liens are not the option of first resort for the IRS. My guess (and it is just that, a guess), is that his financial situation is fairly dire, and he's yet to come to grips with it entirely.
Livin' De Life a little too large, and a little too long, imo.