The phone call from a debt collector never comes at a good time—but the best response is to confront the state of these affairs head-on. You may want to hide or ignore the situation and hope it goes away–but that can make things worse. Depending on your personal situation, there may be different steps to take.
On December 19, 2014, the Achieving a Better Life Experience (ABLE) Act of 2013 was passed. The ABLE Act amends Section 529 of the Internal Revenue Service Code to create tax-free savings accounts for individuals with disabilities in order to cover qualified disability expenses such as education, housing and transportation. New York State also recognizes ABLE Act 529A Accounts.
It’s easy to be fascinated by the tempting advertising of infomercials. Taglines such as ‘Miracle Cure!’ and ‘Only $19.95!’ may make you feel that it would be foolish not to buy. While there are many reputable products out there, there are equally as many health scams that cancel out the positives of the attractive media presentation. Spotting a scam called ‘health fraud’ can be done just be paying attention to the words used in the advertisement.
On June 26, 2015 the Supreme Court of the United States (SCOTUS) legalized same-sex marriage nationwide. In New York, same-sex couples were granted the freedom to marry in 2011. It’s important to know what rights were granted under the Marriage Equality Act—especially now that marriage equality is the law of the land.
Banks, credit card companies and other businesses use credit scores to estimate how likely you are to pay back money you borrow. A higher score makes it easier to qualify for a loan or lower interest rates. Many scores range from 300-850 but each company may use different ranges.
When making any kind of financial decision, it can be easy to get overwhelmed. You can save yourself from regret later by following the acronym SAVED:
The law provides a number of general rules that govern contracts and dictate when and where lawsuits or arbitration proceedings may be brought when they are based on a breach of contract. However, the parties to a contract can specify certain parameters which will trump the general rules. Here are five strategic clauses that one should consider including in a contract to control when, where, and how a claim for breach of contract may be brought:
In June of 2015, a bill passed the New York Assembly (A07645) and Senate (05678) relating primarily, but not exclusively, to the determination of maintenance/spousal support. These changes continue to await the signature of Governor Cuomo.
Being a German intern in a U.S. law firm, many people have asked me about the differences between German and American law. I would say the main difference is that Germany has a civil law system, whereas the U.S has a common law system. In contrast to common law, civil law is codified, meaning we have updated legal codes which cover all matters that are capable of being brought to court, the applicable procedure and the appropriate punishment for each offense.
A peculiar situation arose a few weeks ago which greatly jeopardized one of our closings. I won’t tell you whether we represented the Seller or the Purchaser; from the point of view of this entry it doesn’t matter. Firstly, I would say there are two types of Sellers, those that take very good care of the property and maintain everything in great condition until they finally move out. The second type cut back on the landscaping and repairs, and do the minimal clean up needed when they move out. Most Sellers fall in the middle of these two extremes.