Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:01):
Good morning.
Well, it's been about a weekactually since the last
recording, so Things are kind ofslow now that the studio has
closed.
In the past week I had a chanceto cut up.
So I cut up with one of my oldGMs Not the first one, but the
(00:22):
second one, the more recentfull-time one and life's good
for him and I'm really gladbecause he's hit some strides in
some of his career goals,progressions.
He got the income boost he waslooking for, and so that's
really exciting, and so I'manticipating that being a
longer-term friendship than justan employer-employee one.
(00:45):
So that was pretty.
That's a good feels one there.
What else?
Corporate asked me to send overthe funds for handling customer
refunds, and I don't know ifthis is how it's supposed to
work, but it's the way that it'sgoing to pan out.
Corporate said hey, you got tohandle refund, gotta handle
(01:06):
refunds.
I said, cool, happy to dorefunds.
Uh, up to the business checkingaccount, like all right, don't
forget, you have like a moralobligation to do the right thing
.
You're like okay, cool, I willgladly send every dollar of the
business account to handlecustomer refunds.
I'm on board, uh.
And then they tallied up andthey did it the right way.
(01:26):
So they looked at all of theservices sold whether it was
like a one-year membership or amonthly membership or like some
short-term package or somethingwhatever people had bought and
they prorated it on a dailybasis and then the amount due of
services not rendered or timenot rendered, rather, and so
(01:48):
that came out to about 28,000 orso, and I had it's like 7,000,
5,000.
I don't remember the amount,but the point is not 28,000.
And so took screenshots of whatI did.
Have went to the bank and wiredthe funds for everything to
(02:08):
corporate, because they haddocumented that they wanted to
handle all of the customerrefunds after they received the
business funds from me.
So my attorney said yep, goahead and do it.
That's the right way to do it,that's fine, I'm, I'm okay with
that.
And so they did that.
And then come like a day laterand then, like my franchise rep
(02:31):
at corporate, uh, he asked for,like admin, access to the
membership Facebook page, so theprivate members page, not the
public one, but the private one.
So I gave him access to thepublic business page, the
private members page and twoother internal only use groups,
and then the rep posted in therethat they're talking with one
(02:54):
of the members who's looking toreopen the studio and keep it
going, and so it was interesting.
There was a lot of reactions.
Well, probably becausepermissions had been opened up
so people could react and give athumbs up or a heart or
something.
So apparently someone wants tobuy the assets and keep the
(03:18):
studio open.
That's great, that's awesome.
So then there's that.
And then what else Heard from anattorney.
He said hey, nathan, Irepresent the lender.
What is the contact info foryour attorney?
And I shared that with him.
And then my attorney messagedme the other day and said that
(03:41):
attorney is looking to confirmthe assets and receive access to
the property.
That's something you can helpthem with.
And I said, yeah, absolutely noproblem there.
Sorry, I'm driving behind.
I'm driving behind like adiesel truck and it smells like
(04:03):
an airport in here.
Oh man, that's weird, it's hardto breathe.
So I said, yep, I can gladlyhelp you with that, no worries,
or help tell my attorney, Iwould help the bank's attorney
with that.
I don't know if that means hewants to see the property, he
(04:24):
wants the lockbox code or what,but rule of thumb is less is
more, so be amicable, be makesure things are accessible to
the right people.
But it's not my job tocommentate or provide extra
color or insights on what I see.
(04:47):
So what I imagine will happen Idon't know, but just making up
an example, he says, hey, canyou go, can you give me access
to the property?
I can give him the lockbox code, or I can probably just give
him the lockbox code becausethat's all I have.
And then, well, it's thelockbox code that I told my
(05:08):
staff.
I changed the code the day thestudio closed.
So only like five people knowthe code.
So if the code changed andsomeone's doing interesting
things behind the scenes, yeah,give it access, the ability to
see the property, and yeah, if Igo there, I'm not going to.
(05:29):
You, don't comment on what yousee or what you don't see.
This was broken.
This was not broken.
Something is missing.
Something is not missing thatkind of thing.
It's not needed, it doesn't.
It's not beneficial for anybody.
And at the end of the day, Ialready sent over a video to
corporate on what the placelooked like the last day.
(05:51):
So, anyhow, all that to say,we'll see what happens in there.
Things I believe are about toslow down life pace-wise.
The day job we've had like ourevery six month planning sprint.
So we basically plot out whatwe're working on for the next
six months Projects, timelines,headcount requirements for it
(06:15):
and that sort of thing.
So it's been kind of busier.
I haven't really enjoyed thethe slower pace yet, but that's
something that I anticipate willbe coming soon, so nothing too
much there.
Next week is the bankruptcyhearing.
Apparently we were supposed toblock off 30 minutes.
Our our portion of it will belike 10 minutes or so, and we
(06:38):
still have to reaffirm so manythings.
So for what it's worth, like wewant to keep the house, we want
to keep our car, like ourpersonal life isn't getting
upended because it's thebusiness that failed, not our
personal lives.
And so our mortgage lender andour auto loan lender are saying,
hey, you don't owe anything,you're free and clear, you're
good to go, but we're wanting tosay nope, we understand that we
(07:02):
would like to keep those debtsbecause we would like to keep
those assets with it.
So we want to reaffirm the loan.
Yes, we want that loan, we wantto keep it active and going
because we also want the assetsassociated with it.
So with the mortgage note, wehave verbally told them.
(07:24):
They mail us a thing, we signthe thing and then we mail it
off, or they mail it to ourlawyer and then our lawyer
mailed it off to us.
And then for the auto loan, um,we have to tell them like where
to send the documents to ourattorney.
Our attorney will then filltheir stuff out and then either
our attorney mails it back tothe auto loan provider or they
(07:46):
mail it to us and then we signthat we agree with it.
But either way, like it's kindof.
It's kind of interesting.
Like once you declarebankruptcy, like everyone like
doesn't want to talk to you ortouch you or like hang out with
you and if you want them to stayaround, like your, our mortgage
, we have to like chase them alittle bit, to be like no, we
want to keep this, we want tokeep the house, and so it's kind
(08:11):
of intriguing.
I thought people would, theinstitutions would would behave
far more begrudgingly and herethey're like too accommodating,
just surprising.
Uh, so that's where we're attime to head inside gonna go.
Uh, move on with the next partof the day.
It's rock and roll.
Good morning.
Well, it's been about a weekactually since the last
recording, so Things are kind ofslow now that the studio has
closed.
In the past week I had a chanceto cut up.
So I cut up with one of my oldGMs Not the first one, but the
(00:22):
second one, the more recentfull-time one and life's good
for him and I'm really gladbecause he's hit some strides in
some of his career goals,progressions.
He got the income boost he waslooking for, and so that's
really exciting, and so I'manticipating that being a
longer-term friendship than justan employer-employee one.
(00:45):
So that was pretty.
That's a good feels one there.
What else?
Corporate asked me to send overthe funds for handling customer
refunds, and I don't know ifthis is how it's supposed to
work, but it's the way that it'sgoing to pan out.
Corporate said hey, you got tohandle refund, gotta handle
(01:06):
refunds.
I said, cool, happy to dorefunds.
Uh, up to the business checkingaccount, like all right, don't
forget, you have like a moralobligation to do the right thing
.
You're like okay, cool, I willgladly send every dollar of the
business account to handlecustomer refunds.
I'm on board, uh.
And then they tallied up andthey did it the right way.
(01:26):
So they looked at all of theservices sold whether it was
like a one-year membership or amonthly membership or like some
short-term package or somethingwhatever people had bought and
they prorated it on a dailybasis and then the amount due of
services not rendered or timenot rendered, rather, and so
(01:48):
that came out to about 28,000 orso, and I had it's like 7,000,
5,000.
I don't remember the amount,but the point is not 28,000.
And so took screenshots of whatI did.
Have went to the bank and wiredthe funds for everything to
(02:08):
corporate, because they haddocumented that they wanted to
handle all of the customerrefunds after they received the
business funds from me.
So my attorney said yep, goahead and do it.
That's the right way to do it,that's fine, I'm, I'm okay with
that.
And so they did that.
And then come like a day laterand then, like my franchise rep
(02:31):
at corporate, uh, he asked for,like admin, access to the
membership Facebook page, so theprivate members page, not the
public one, but the private one.
So I gave him access to thepublic business page, the
private members page and twoother internal only use groups,
and then the rep posted in therethat they're talking with one
(02:54):
of the members who's looking toreopen the studio and keep it
going, and so it was interesting.
There was a lot of reactions.
Well, probably becausepermissions had been opened up
so people could react and give athumbs up or a heart or
something.
So apparently someone wants tobuy the assets and keep the
(03:18):
studio open.
That's great, that's awesome.
So then there's that.
And then what else Heard from anattorney.
He said hey, nathan, Irepresent the lender.
What is the contact info foryour attorney?
And I shared that with him.
And then my attorney messagedme the other day and said that
(03:41):
attorney is looking to confirmthe assets and receive access to
the property.
That's something you can helpthem with.
And I said, yeah, absolutely noproblem there.
Sorry, I'm driving behind.
I'm driving behind like adiesel truck and it smells like
(04:03):
an airport in here.
Oh man, that's weird, it's hardto breathe.
So I said, yep, I can gladlyhelp you with that, no worries,
or help tell my attorney, Iwould help the bank's attorney
with that.
I don't know if that means hewants to see the property, he
(04:24):
wants the lockbox code or what,but rule of thumb is less is
more, so be amicable, be makesure things are accessible to
the right people.
But it's not my job tocommentate or provide extra
color or insights on what I see.
(04:47):
So what I imagine will happen Idon't know, but just making up
an example, he says, hey, canyou go, can you give me access
to the property?
I can give him the lockbox code, or I can probably just give
him the lockbox code becausethat's all I have.
And then, well, it's thelockbox code that I told my
(05:08):
staff.
I changed the code the day thestudio closed.
So only like five people knowthe code.
So if the code changed andsomeone's doing interesting
things behind the scenes, yeah,give it access, the ability to
see the property, and yeah, if Igo there, I'm not going to.
(05:29):
You, don't comment on what yousee or what you don't see.
This was broken.
This was not broken.
Something is missing.
Something is not missing thatkind of thing.
It's not needed, it doesn't.
It's not beneficial for anybody.
And at the end of the day, Ialready sent over a video to
corporate on what the placelooked like the last day.
(05:51):
So, anyhow, all that to say,we'll see what happens in there.
Things I believe are about toslow down life pace-wise.
The day job we've had like ourevery six month planning sprint.
So we basically plot out whatwe're working on for the next
six months Projects, timelines,headcount requirements for it
(06:15):
and that sort of thing.
So it's been kind of busier.
I haven't really enjoyed thethe slower pace yet, but that's
something that I anticipate willbe coming soon, so nothing too
much there.
Next week is the bankruptcyhearing.
Apparently we were supposed toblock off 30 minutes.
Our our portion of it will belike 10 minutes or so, and we
(06:38):
still have to reaffirm so manythings.
So for what it's worth, like wewant to keep the house, we want
to keep our car, like ourpersonal life isn't getting
upended because it's thebusiness that failed, not our
personal lives.
And so our mortgage lender andour auto loan lender are saying,
hey, you don't owe anything,you're free and clear, you're
good to go, but we're wanting tosay nope, we understand that we
(07:02):
would like to keep those debtsbecause we would like to keep
those assets with it.
So we want to reaffirm the loan.
Yes, we want that loan, we wantto keep it active and going
because we also want the assetsassociated with it.
So with the mortgage note, wehave verbally told them.
(07:24):
They mail us a thing, we signthe thing and then we mail it
off, or they mail it to ourlawyer and then our lawyer
mailed it off to us.
And then for the auto loan, um,we have to tell them like where
to send the documents to ourattorney.
Our attorney will then filltheir stuff out and then either
our attorney mails it back tothe auto loan provider or they
(07:46):
mail it to us and then we signthat we agree with it.
But either way, like it's kindof.
It's kind of interesting.
Like once you declarebankruptcy, like everyone like
doesn't want to talk to you ortouch you or like hang out with
you and if you want them to stayaround, like your, our mortgage
, we have to like chase them alittle bit, to be like no, we
want to keep this, we want tokeep the house, and so it's kind
(08:11):
of intriguing.
I thought people would, theinstitutions would would behave
far more begrudgingly and herethey're like too accommodating,
just surprising.
Uh, so that's where we're attime to head inside gonna go.
Uh, move on with the next partof the day.
It's rock and roll.
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