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Leo Fox, Law Office of Leo Fox, New York, NY, for Appellant.
Michael J. Venditto, Anderson, Kill & Olick, P.C., New York, NY, for Debtor-Appellee.
Be...
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The recent Reorganization and Bankruptcy Law no. 11,101/2005 (" Reorganization and Bankruptcy Law") reflects the Lawmaker effort to consolidate a core...
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No Credit Exposure Involved in Trustee Role Representing Bondholders
WILMINGTON, Del. -- Wilmington Trust (NYSE:WL), a leading provider of instituti...
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The IRS allows individuals to create a Family Limited Partnership (FLP) to eliminate or decrease the estate and gift taxes while allowing the individual to control the assets. However, there are challenges to an FLP if the rules are not followed. Disadvantages of an FLP are failure to fund the FLP, failure to involve "business" assets only, liability of a parent as the general partner, limit creditor's access to the FLP's assets, and limit the percentage of the assets placed in the FLP.
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An individual to whom money is due from a debtor, but whose debt is not secured by property of the debtor. One to whom property ha...
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The demand for environmental insurance is definitely growing. Such growth is in stark contrast to the insurance industry in general and indicates that revenue opportunities are available to agents and brokers who have the necessary product knowledge and insurance market access to seize them. This article will review some of the more common forms of environmental insurance available to producers and their clients. They include: 1. pollution legal liability insurance, 2. cost cap coverage, 3. liability buyout/liability transfer, 4. lenders liability pollution/secured creditor insurance, 5. storage tank liability insurance, 6. combined commercial general liability and pollution legal liability policies, 7. contractors pollution liability, and 8. professional liability for environmental ser...
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WASHINGTON (Reuters) - The U.S. Commodity Futures Trading Commission staked a claim on Friday [June 1] as a potential creditor of failed commodities brokerage, in a sign it may charge the bankrupt firm and seek monetary sanctions.
In a statement, the CFTC said it filed a claim as a "general creditor" in order to "preserve all possible options" to recover funds related to its investigation.
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George B. Gelman (Argued), Philip L. Guarino, Gelman & McNish, Hackensack, N.J., for appellant.
Sheldon Schachter, Kleinberg, Moroney, Masterson & Sc...
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... B: REGULATIONS AND STATEMENTS OF GENERAL POLICY. PART 334: FAIR CREDIT REPORTING. Subpart D... of the following that participates as a creditor in a transaction:. (i) A State bank insured by the...