BobbyH
Joined 17 years ago
Joined 17 years ago
Chapter 13 bankruptcy is deleted from your credit report seven years from the discharge date, which comes 3 to 5 years after you file (because there's a 3 to 5 year payment plan). So if you measure from the filing date, Chapter 13 takes 7 + 3-to-5 years to come off your credit report, which is 10 to 12 years from the filing date.
Similarly, Chapter 7 bankruptcy is deleted 10 years from the discharge date. In a typical Chapter 7 bankruptcy, the debtor receives a discharge 4 months after filing. So your statement is actually quite close, but to be pedantic, it's 10.33 years from the filing date.
In my experience, most Chapter 7 filers can fully recover after about 2 years, provided they are able to make their payments on-time after the bankruptcy.
Along those lines, I would just tell him politely that you'd like a plan to get your backpay over time, you'd like a raise although you understand that funding may preclude that, and you'd like your non-compete to be altered so at least it doesn't apply to your consulting work, since the scope of the consulting work is so broad that you wouldn't be able to ever get another job. You can mention that given the natural instability of a startup, this fact is stressing you out and making you lose sleep.
I would also ask to "paper" the backpay, so you have more than a verbal commitment on that.
If you talk nicely and respectfully about these issues, it is very likely that he will agree to the one term that doesn't cost him any money. (He will likely stall on all the other terms.)
Not tying the reason to your desire to be able to get another job easily also helps the CEO from freaking out as much. Also, limiting the non-compete edits to the consulting work helps him feel that his corporate work isn't threatened, while getting you what you want.
Amending your non-compete would also give you flexibility if you choose to leave, so that would be my primary goal here. To increase your leverage, you can also ask for a raise. Assuming he says that giving you more money is impossible, that increases pressure on him to concede on the only term that is non-monetary.
What I did to fix this was to migrate my landing pages to a new domain. (I believe migrating my landing pages to a different subdomain on the same domain would also work, but I haven't tested this.)
You don't need to run traffic to your full website. All you need is a marketing website to run traffic to. That marketing website doesn't even need database integration, so you can put that marketing website on a totally different server.
So to fix this issue, I wouldn't try to fix it. I'd just create a marketing website somewhere else and direct traffic to that.