Employee loans

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Oct 18, 2008 6:43 pm

Can remaining balances on employee foregiveable loans be negotiated down when a person leaves one firm for another?  Or are those pretty much firm and the money has to be paid back?

Oct 19, 2008 8:27 am

Very firm, especially when you go to a competitor, and definatley wehn you take a client (s).  Not trying to be a smart [email protected]@, but think about it.  Your current firm gives you money, you do not hold up your end of the deal, and then they are goign to cut you a break??  That is why some of the transfer packages are so large, to cover these types of expenses, should you still be under contract.

Oct 20, 2008 5:00 pm

it depends; how much time did you stay at your firm, how much did you produce, how was the deal structured - cash, stock?

ive seen reps settle for 30cents on the $

Oct 20, 2008 8:03 pm

This is another subject that will soon become ancient history.  Banks are not going to be handing out deals like the brokerage firms have done since forever.

  Even the brokerage firms wold like to do away with them.  I've been involved in discussion groups where the assembled all vowed to stop it--with all the sinceity of an Isreal-Palestine cease fire.