Last December, the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (the “Act”) was signed into law. In addition to extending the “Bush Income Tax Cuts” of 2001, a part of this law contains new wealth transfer tax rules for 2010, 2011, and 2012. This article provides a brief overview of the …
When a debtor in receivership turns to bankruptcy, a secured creditor should turn to the Bankruptcy Code. The appointment of a receiver over a borrower’s assets is a powerful tool for the secured creditor when included as a default provision in a well-crafted loan document.
Are investors back? As the economy begins its slow recover, many businesses are dusting off their plans to raise capital. The capital markets have been virtually frozen for 20 months. Anecdotally, there is a lot of money sitting on the sidelines, but people are afraid to get back in the game. Still, as investors regain …
Supplemental legislation, effective September 30, 2009, has made technical corrections to and clarified the Arizona Trust Code (ATC), and made other additions not in the original bill. Now the new ATC offers better protection for beneficiaries.
The Phoenix real estate development market from 2003-2006 was truly the most festive “Developers Ball” in the country. Now cities that once benefitted from the market are trying to figure out how to deal with the real estate bubble that has gone “bust.”