Banking Articles
July 1, 2009
Kathleen Bonczyk, Esq. - Rubinton & Laufer, LLCEmployment Practices Liability Insurance (EPLI) is the so-called new kid on
the block in the insurance world. In comparison to other forms of
indemnity which have been around for decades, the first EPLI policies
appeared circa 1990. Although EPLI constitutes a relatively new line of
insurance, it is one that no employer of individuals should be
without. EPLI transfers the risk of losses associated with
employment litigation during the entire employment life cycle, from
recruiting through termination, to an insurance carrier. Full Story
July 1, 2009
Brian Burniva - LeClair RyanIn a stunning defeat for state governments and the Environmental Protection
Agency (EPA), the United States Supreme Court issued a critical opinion on
the Comprehensive Environmental Response, Compensation and Liability Act
(CERCLA). The opinion, published on May 4, interprets the "arranger
for disposal" status and application of joint and several liability
to all liable parties under CERCLA Sec. 107. Full Story
June 30, 2009
Derek Newton It is easy to lose yourself in the consistent stress accumulating world of business. For some, the overwhelming pile of obligations that caravan along side the opportunity of owning your own business can glorify the repetitive nature of saying "yes sir" to your boss. However, hope is not lost. The cure is simplified order, and the best place to begin is your business finances. Full Story
June 18, 2009
First American Exchange Company In the current lending environment seller financing may be an option that benefits both the buyer and the seller. When an Exchangor sells property and wants to provide seller carryback financing to the buyer and also take advantage of the tax deferral of a 1031 exchange, the Exchangor has several options. Full Story
June 16, 2009
Rick Goldfelder There isn't anybody with a mind functioning properly that doesn't like the sound of the word "taxes". Hearing somebody mention it only stirs up negative and sometimes blasphemous conversations, knowing that the government takes a part of every single income that flows into our pockets. In some areas, income taxes are so high that it almost feels like the government acts like a tyrant, pillaging us citizens. But there are some that actually love taxes, why? Because these individuals have found the brighter side to taxes, and use the problem in such a way, that it benefits them by making money. Full Story
May 26, 2009
Glen Henderson With the recent boom in foreclosures hitting the nation, it's almost certain that if you watch the news or read the news paper, you have probably heard the term "short sale"... But do you really understand or know what a short sale is? For many, they are still unclear. Put simply, a short sale is when a lender or lenders, accept less that the full amount due on a loan when the property is sold. The lender will usually accept the short sale to avoid the time and expense of a foreclosure, but do require that the owner of the property show some type of a "hardship", or reason that they can no longer afford the home and need to sell. In a short sale, the lender will pay all of the fees that are involved with the sale, including the Realtor's commissions. Full Story
May 20, 2009
Dan Jenkins The market has staged a very impressive rally since the March 6th low. At that time the S&P bottomed at 666 and is now around 900. This massive rally has occurred in just two and a half months. Some talking heads in the media are now saying that this is the start of the next bull market. Many call a move of 20% or more a bull market and perhaps by that definition they are correct. However, the decline seen last year should then be called a 'mega bear' as the S&P went from 1576 to 666 in just 18 months. Full Story
May 20, 2009
Raymond Labella You fall past due on your credit cards, and the bill collectors start calling. They call every week, every day, sometimes every hour...then all the sudden it all stops. The phone goes quiet for months, sometimes years. It's like everyone has forgotten about the debt. They haven't, but it may seem that way. You have just entered the charge-off zone. Full Story