Recently I was asked to give advice about how single women can protect themselves from financial downturns and unexpected problems. These problems might arise from an illness or injury, from a loss of a job or income, from being sued and having a judgment placed, or even from having an auto accident without sufficient insurance. […]
Read MoreMarch 14, coined “Pi Day” since physicist Larry Shaw started the day back in 1988 to celebrate the famous number (and recognized officially since 2009 when the US House of Representatives passed a resolution honoring the day), is often celebrated in the U.S. not by giving a moment of respect to the wonders of mathematics, […]
Read MoreThe pandemic and its related shutdown orders have cost businesses trillions of dollars. They have also sent business owners scurrying to review their insurance policies. Many are not making business interruption insurance claims. Business interruption coverage occurs when there is an insured peril. Your regular casualty coverage rebuilds and replaces physical items damaged or lost. […]
Read MoreWe file a lot of Chapter 13 cases. One of the basic elements or requirements of Chapter 13 is that debtors must have regular income that enables them to pay debts and living expenses. In fact, the heading to the Chapter is titled “Adjustment of Debts of an Individual with Regular Income.” Not long ago the 7th […]
Read MoreNot too long ago, an attorney called me on the Lawyer-to-Lawyer directory*. He had recently obtained a judgment for his client against a Limited Liability Company (LLC). The amount of the judgment was $17,000, and he believed the LLC might not have much in the way of assets. His question to me was, “What steps […]
Read MoreFinancial Problems , PPP Loans
Last year I predicted that the Department of Justice (DOJ) would be busy prosecuting fraud under the Paycheck Protection Program (PPP). A few weeks ago, the DOJ announced its first civil settlement of such fraud claims. The stipulation for settlement sets forth the following basic facts: • SlideBelt Inc. filed for bankruptcy• Eight (8) months […]
Read MoreConsumer Law Issues , Debt Collection
The Fair Debt Collection Practice Act (FDCPA), prohibits misleading an unsophisticated debtor. An “unsophisticated debtor” is “one who is uninformed, naïve and trusting, but does possess rudimentary knowledge about the financial world, and is wise enough to read collection notices with added care.” When bringing these claims that a debt collector’s communication was misleading, the […]
Read MoreClients often ask me this question. They were instructed to operate their business as either a corporation or a limited liability company (LLC), and were led to believe that they would not have liability for the debts which the entity might incur. This general statement about limited liability is true, but often no one explains the […]
Read MoreA Plaintiff sued a collector under the Fair Debt Collection Practices Act for sending him a letter in an effort to collect a debt he claimed he did not owe. The envelope containing the letter revealed a bar code which contained some of the Plaintiff’s personal information. He sued, arguing that the mailing violated the […]
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