ASSET PROTECTION: Offshore vs. Domestic Trust (Int’l Persons)
This is a continuation of the discussion in Part I of this series regarding the advantages and disadvantages of two common asset protection techniques: offshore entities/accounts, and the US asset protection trust.
BANKRUPTCY: Before, During, or After Divorce
The last time I checked, divorce was the number two reason people file for bankruptcy (medical bills is number one). Bankruptcy and divorce go together because divorce causes financial strain, and sometimes bankruptcy is the only (or best) way to get through the ordeal. So, what are the particular concerns and what can you do to prepare if you are READ FULL POST
BANKRUPTCY: FROZEN BANK ACCOUNTS (Wells Fargo)
Most people probably know that filing for bankruptcy is often the most effective way of getting out from under a judgment garnishment of their bank account. That continues to be true. What my office has seen in recent times, though, is a trend towards making things more difficult for Debtors — such as Wells Fargo’s policy of freezing the account READ FULL POST
BUSINESS LAW: Contracts, Disputes, Labor & Collections
It is no exaggeration to say the art of drafting, interpreting, and enforcing contracts is the foundation of all business law.
Taxation of Canceled Debt: Foreclosure Backlash
So, you’re having trouble keeping your head above water with the mortgage payments on your home. You start to slip behind and find that your home is now being foreclosed. What’s next? You can now expect a Form 1099-C from your bank or lender stating that they are forgiving a portion of your debt that remains unpaid. Great news, right? READ FULL POST
Harrington Law Takes on City Hall
Business attorney, Jeff Harrington, represents local business owner in dispute with City Hall..