Month: June 2021

So instead of cutting spending in the wake of the pandemic, many states are cutting taxes. Nine states have passed legislation to reduce individual or corporate income tax rates that is awaiting governors’ signatures or has been enacted, according to Katherine Loughead, senior policy analyst at the right-leaning Tax Foundation. In some, the reductions are
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Law360 (June 30, 2021, 4:51 PM EDT) — Expedited Chapter 11 bankruptcies are on the rise because they save money and because key constituents such as bank lenders and bondholders recognize that the more time that a debtor spends in Chapter 11, the more likely the case is to fail. Increasingly, debtors file Bankruptcy Code
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Few events are more frustrating to a landlord than tenants and bankruptcy. The uncertainty of whether the tenant will pay outstanding rent, compensate for utilities and late fees, and leave the property can be infuriating. Originally acquired as a source of revenue generation, the property now serves as free housing for a delinquent tenant. Despite
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