Lawful Thoughts®
Focused on Legal Issues Affecting Businesses
of All Shapes and Sizes
Application 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 ...
Continue ReadingVirginia Pass-Through Entity Tax and Multitier Tax Partnerships
Virginia just enacted a pass-through entity tax (“PTET”), which applies in 2021 through 2025, inclusively. Many commentators have addressed the PTET, and I defer to them for the details. The PTET allo...
Continue ReadingOpportunity Fund Zones: Three Ticking Clocks?
On November 7, 2018, I published a blog entitled: “Opportunity Zones: Tax Deferral and Exclusion Beyond Like-Kind Exchanges”. Since then, the Treasury Department has issued over 500 pages of Final Reg...
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