*
I am presently a Wash DC contractor (HIC). I recently passed the test in the HIC exam in MD. I am having some problems with the 10K surety bond payable to MD Home Improvement Commission. My current DC surety bond is only $5K as required. I am going through a divorce and my financial status is strained with new child support requirements, new living arrangements, etc. What I am troubled by is the Maryland bond be on the individual and not the company. My parents are willing to assist me in my newly formed company. Oh yeah, my ex wife claimed half ownership of my old company as a marital asset. It made me scream! I am having problems indicating to MD as they ownly want my assets associated with the BOND. Any suggestions will be greatly appreciated. Thanks in advance.
Discussion Forum
Discussion Forum
Up Next
Video Shorts
Featured Story
From plumbing failures to environmental near disasters, OHJ staffers dish on our worst and best moments.
Featured Video
How to Install Exterior Window TrimHighlights
"I have learned so much thanks to the searchable articles on the FHB website. I can confidently say that I expect to be a life-long subscriber." - M.K.
Replies
*
That situation must be extremely frustrating. I've been there, but not as bad. Did the court award the liabilities of the company to the ex as well as the assests? This whole situation makes me angry because here in WA state, The bureaucrats can't figure out why men can't work for more child support but the bureaucrats in another state agency are trying their damned best with bonds and licenses to prevent men from working. They can't figure it out. My next door neighbor wants to do some plumbing for me but he couldn't afford his license fees this year. He's got 3 children next door (not divorced).
It takes a bureauracracy to cheat a child.
*"It takes a bureauracracy to cheat a child."I like that one!Rich Beckman
*
I am presently a Wash DC contractor (HIC). I recently passed the test in the HIC exam in MD. I am having some problems with the 10K surety bond payable to MD Home Improvement Commission. My current DC surety bond is only $5K as required. I am going through a divorce and my financial status is strained with new child support requirements, new living arrangements, etc. What I am troubled by is the Maryland bond be on the individual and not the company. My parents are willing to assist me in my newly formed company. Oh yeah, my ex wife claimed half ownership of my old company as a marital asset. It made me scream! I am having problems indicating to MD as they ownly want my assets associated with the BOND. Any suggestions will be greatly appreciated. Thanks in advance.