Lawful Thoughts®
Focused on Legal Issues Affecting Businesses
of All Shapes and Sizes
New UCC Amendments Address Certain Digital Assets
The growth in use of digital assets, such as cryptocurrencies and non-fungible tokensgrowth requires changes to the law.
Continue ReadingCelebrating Black History Month with Legal Firsts in Virginia
To celebrate Black History Month, Spotts Fain will be highlighting a few of the many black attorneys who had a significant impact on equal access to justice in Virginia over the years. This year we ar...
Continue ReadingApplication of the Fair Credit Reporting Act to Debts Discharged in Bankruptcy
A recent federal court opinion regarding the applicability of the Fair Credit Reporting Act (“FCRA”) to consumer reports obtained on accounts that have been discharged in bankruptcy highlights the nee...
Continue ReadingVirginia's Pass-Through Entity Tax: Significance, Structure Problems, Potential Solutions, and Happy Wishes
The third in a series of posts outlining Virginia's pass-through entity tax significance, problems and potential solutions.
Continue ReadingVirginia PTET for Multitier Tax Partnerships: One Bridge Too Far?
An overview of the Virginia's pass-through entity tax, which has been enacted retroactively.
Continue ReadingThe Landlord’s Lien: An Often-Ignored Pitfall for the Secured Creditor
written by: Timothy G. Moore; Karl A. Moses, Jr; Neil E. McCullagh The landlord’s lien is a statutory remedy in Virginia that is often overlooked by creditors who lend to individuals or entities who ...
Continue ReadingRecent Lawsuits Against Home Mortgage Servicers Focus on Bankruptcy Compliance
The past year has brought notable court decisions regarding alleged failures by home mortgage servicers to comply with bankruptcy rules and orders. The stakes have been high, with the servicers often ...
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