A debtor’s LLC membership interest is treated differently in state court collection proceedings than it is in bankruptcy. In state court collections a judgment creditor’s remedy to execute a judgment against a multi-member LLC is limited to a charging lien. The lien gives the creditor a right to receive any distributions of money or property from the LLC to the debtor member.

Bankruptcy trustees have greater rights against the bankruptcy debtors LLC membership interest. The general rule is that a trustee can sell the debtor’s right to distributions. The trustee is not limited to a charging lien and does not have to wait until the LLC actually makes a distribution. In ad

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The most complex process of transferring money has become easier with the advent of online platforms. Caxton foreign exchange can help customers in different situations, because there are the specific options for business and personal needs.

If you are going to make regular transactions in the future and want the best and affordable current exchange rate, then you can also choose the appropriate service to transfer money abroad. Many companies have an option when the rate of future transactions is fixed at this time so you do not need to worry about negative movements of the exchange market. Full Post…

Baseball team owner, Frank McCourt must be having his best week in months. He was able to sell the Los Angeles Dodgers to a group of investors, including NBA Hall of Famer, Magic Johnson for $2.15 billion. Sources say that McCourt was originally hoping for at least $1.5 billion. He is likely glad that he passed on the previous bids offered since the Dodgers were first put on sale last November.

In addition to basketball star Johnson, the buyers group includes Hollywood producer, chief executive officer of Mandalay Entertainment Group and co-owner of the Golden State Warriors, Peter Gulber, and former President of the Atlanta Braves and Washington Nationals, Stan Kasten.

But before McCourt can start dancing in the street, he must comply with the team’s bankruptcy-exit plan. T

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Closing costs deductions – The discount points and origination fees paid to your mortgage lender at closing are usually deductible.

Mortgage interest deduction – If the home is your personal residence, all of the mortgage interest you owe and paid before the end of the year is deductible on your taxes. Your mortgage lender will send you a form in January indicating the amount of interest you paid in during the year. Man

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