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

Posted on by Karl A. Moses, Jr.

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...

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Virginia's Pass-Through Entity Tax: Significance, Structure Problems, Potential Solutions, and Happy Wishes

Posted on by Kurt Magette

The third in a series of posts outlining Virginia's pass-through entity tax significance, problems and potential solutions.

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Virginia PTET for Multitier Tax Partnerships: One Bridge Too Far?

Posted on by Kurt Magette

An overview of the Virginia's pass-through entity tax, which has been enacted retroactively.

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The Landlord’s Lien: An Often-Ignored Pitfall for the Secured Creditor

Posted on by Timothy G. Moore in Commercial Real Estate, Corporate and Business, Creditors' Rights, Bankruptcy and Insolvency

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 ...

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Recent Lawsuits Against Home Mortgage Servicers Focus on Bankruptcy Compliance

Posted on by Neil E. McCullagh in Corporate and Business, Creditors' Rights, Bankruptcy and Insolvency

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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Virginia Pass-Through Entity Tax and Multitier Tax Partnerships

Posted on by Kurt Magette in Corporate and Business

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...

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Opportunity Fund Zones: Three Ticking Clocks?

Posted on by Kurt Magette in Commercial Real Estate, Corporate and Business, Tax

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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