Adam’s Law Blog
See our blogs and outlook on new legislature, bankruptcy law updates, estate planning tips, personal injury cases, and more.
New IRA Rule Affects Current and Future Heirs
The Wall Street Journal reported on 08/02/22, in a front-page article, how the IRS’s (“Internal Revenue Services”) new rule for inheriting individual retirement accounts (“IRA’s”) will affect current and future heirs. The rule is in effect but has yet to be finalized,...
Bankruptcy Goes International
Added as part of the 2005 Bankruptcy Abuse Prevention and Consumer Protection Act, the purpose of Chapter 15 is to provide a mechanism for dealing with insolvency proceedings in which more than one country is involved. Generally, a chapter 15 proceeding is filed...
New Bankruptcy Law Better Accommodates Small Businesses
Allows Small Business Owners to Maintain Control On February 19, new Bankruptcy law gave small business owners an option between an expensive Chapter 11 reorganization to maintain control of their businesses and a Chapter 7 liquidation requiring relinquishment of...
Why special COVID pricing for frontline workers?
I think it’s really a community service to offer discounts to frontline workers and what I’m calling “at-risk” families who I’m defining as the many, many people I know who are over 65 and who are not leaving their homes because this virus attacks the elderly like...