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Category Archives: General
Kansas Corporations Law Applied
Kansas statute governing Kansas corporations specifically applies to dissolutions voluntary and involuntary. Kansas statute governing re-instatement of corporate existence restores claims held as of dissolution but not claims arising during dissolution. Therefore, appellant Kansas corporation had no authority to pursue … Continue reading
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No Appeal from Default Judgment
Appellant did not appeal the denial of appellant’s motion to set aside the default judgment and only appealed the default judgment. A default judgment is subject to appeal only on subject matter jurisdiction, and appellant challenged only personal jurisdiction and … Continue reading
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Disbarred Lawyer Mitchell Kossoff Sentenced to 13.5 Years for Defrauding Clients
Disbarred lawyer Mitchell Kossoff — who represented many multifamily landlords in New York City — was sentenced to up to 13.5 years behind bars after he pleaded guilty to swindling his clients out of more than $14.6 million, Commercial Observer reported. A … Continue reading
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Georgia Insurance Owner Sentenced for Bankruptcy Violations
A Georgia insurance company owner has been sentenced to eight months in prison after prosecutors said he lied in bankruptcy court and on his federal tax returns. Jacques Andres Frym, who owned businesses in the Savannah, Ga., area, pleaded guilty … Continue reading
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Missouri Trucking Company Files for Bankruptcy After USPS Cuts Back Mail-Hauling Contracts
A Missouri-based trucking company that contracted with the US Postal Service to transport mail recently ceased operations and filed for Chapter 7 bankruptcy, according to Freight Waves. Rooney Trucking Inc., a family-owned company based in Polo, MO, filed its petition … Continue reading
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Peloton Losses Mount as Falling Sales, Excess Inventory Slow Turnaround
Peloton Interactive Inc. reported declining sales and growing losses as the stationary-bike maker struggles with weakening demand as Americans return to their pre-pandemic lifestyles. The connected-fitness equipment maker said it received $750 million in financing from banks to help pay … Continue reading
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IRS reminds employers of penalty relief related to claims for the Employee Retention Credit
The Department of the Treasury and the Internal Revenue Service have received requests from taxpayers and their advisors for relief from penalties arising when additional income tax is owed because the deduction for qualified wages is reduced by the amount … Continue reading
Posted in General, Taxation
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Checking in from Mohammad in Afghanistan
Some of our valued members of our law office team include the children that we are able to sponsor. We read about Maryam in another recent blog post, but we also have an update from Mohammad, another child our office … Continue reading
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CFPB Orders Bank of America to Pay $10 Million Penalty for Illegal Garnishments
The Consumer Financial Protection Bureau (CFPB) finalized an enforcement action against Bank of America for processing illegal, out-of-state garnishment orders against its customers’ bank accounts. Bank of America unlawfully froze customer accounts, charged garnishment fees, garnished funds, and sent payments … Continue reading
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Consumer Debt Soared by $52 Billion in March
Consumer debt levels for March 2022 rose by $52.4 billion, an annual increase of 14%, seasonally adjusted, according to Federal Reserve data. Revolving credit, which includes credit cards, grew 21.4%. Despite strong wage growth—average hourly earnings grew 5.5% in the … Continue reading
Posted in Debt, General
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