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In these challenging financial times an increasing number of property owners are at risk of losing their investment for failure to make mortgage payments. A bank or credit union has various options available during default. In many cases, the lender wants to give the borrower an opportunity to catch-up on the mortgage payments. This is …
A Law Businesses, Banks and Consumers Should Know: In 2007, Minnesota became the first state to enact legislation shifting, in certain circumstances, the costs of consumer data breaches from financial institutions to the persons or businesses that directly transacted with consumers whose data was exposed. Under the Plastic Card Security Act (“PCSA”), set out at …
Establishing, Strengthening and Protecting Your Brand: A trademark or service mark is a word, symbol, phrase, design or combination thereof which the public associates with a single source of a product or service. Trademarks and service marks are generally the same, except that a trademark refers to a single source of a product (or “good”), …
With all of the financial difficulties people are experiencing, many will risk assets being seized and sold for debt repayment. Did you know that certain types of property are exempt? The Minnesota constitution provides that a reasonable amount of property shall be exempt from seizure or sale for the payment of any debt or liability. …
Ehlinger v. Hauser and the Importance of Clarity in Drafting Buy-Sell Agreements in Wisconsin and Beyond: All businesses with more than one owner should have a buy-sell agreement. A buy-sell agreement is an arrangement between the owners of a business under which, upon the occurrence of a specified event—such as an owner’s death, disability or …
Exempt Business Property When individuals and businesses file bankruptcy or must satisfy legal debt obligations such as lien interests or judgments, the question arises as to how such obligations can be satisfied. Where debt obligations cannot simply be paid with cash, the law allows for the sale of the debtor’s property as a means of …
Business Property Exemptions in Minnesota and WisconsinRead More
The American Recovery and Reinvestment Act of 2009 (commonly known as the “Stimulus Bill” and referred to here as “the ARRA” or “the Act”) became law on February 17, 2009. The Act appropriates funding for a wide range of matters, including housing, education, scientific research and more. One means by which the ARRA is intended …
Rules of the Road for Federal Stimulus Project VendorsRead More
