enap66

Hey guys... some help on this would be great...

First off, I'm taking my test in a month. I will pass. Based on passing, I'm going to need a bond. Until about 6 months ago, I had a 750 score, no lates, nothing and in fact, had many bonds and insurance for my companies. When a direct lender I owned got into some lawsuits, they shut everything down, froze my accounts and forced me to bk. I haven't bk'd yet but the paperwork is sitting on my desk. I am wondering if I should wait until I get my bond to bk. I'm also wondering if I can get a bond with that bad credit? I saw some sites that look like you can pay $1400, no matter what the state of your credit and you'd get a bond but I'm not sure if that's true or not and if they try and pull the old switch aroo on you when you call. Anyway, another question is net worth. How do they go about checking that? I have to have over $2500.00. Now, they took my homes, froze my accounts, everything but since then I've been able to hide some money in an account, over $2500.00. Will they require a certain amount of months that the money needs to be in there, (seasoned money) or will they go with one statement showing $2501.00? Here are my questions again:

-How much do I need to show to get a bond and do I show proof to the California Contractor's state board, CSLB or just the bond place?

-How long does the money need to be in an account to make it usable, to be usable as part of my net worth? Can it be a day, can it be a week or does it have to be 3 consecutive months at least?

-Should I wait on my bk to file, not file for another month? (if I do that though, they'll see that my net worth is a lot less so I'll have to bk, right?)

-Does the CSLB require a breakdown of what you owe compared to what you have in the bank?

-Does the CSLB require anything other than what I already sent in with my application saying that I have a net worth over $2500.00?

Thank everyone for your answers and help!