http://www.debthelpdelivered.com Tue, 09 Mar 2010 22:05:05 +0000 http://backend.userland.com/rss092 en Cited: LA DailyNews Los Angeles has created a $15 million loan fund that is designed to help scores of LA companies expand as recession winds down providing a boost to those small businesses that have been hampered by tough economic times.  The first recipient in the program, Powerline Control Systems in ... http://www.debthelpdelivered.com/la-to-help-debt-ridden-businesses/business/2009/12/ Cited: DailyNews According to an editorial in the Daily News, California is in a state of denial right now.  Mainly because a high-ranking government official made the suggestion they drop out of the union.  The reason that it was suggested is because of their unmanageable financial disaster.  And it seems that ... http://www.debthelpdelivered.com/california-leaving-the-union/finance/2009/12/ Cited: Reuters A New York Times editor strongly suggested that Goldman Sachs make a multibillion-dollar gift to the government instead of paying executives big bonuses to help reduce the US national debt because of its role in the financial crisis.  That editorial was dated November 21 on the Times’ website and ... http://www.debthelpdelivered.com/goldman-sachs-partially-blamed-for-recession/finance/2009/12/ Continued from “The Frustration of Bad Debt Part 3" Cited: ABA Journal Consequences for Creditors Bad-Debt Deduction An ordinary bad debt deduction under IRC section 166 entitlements may be allowed a creditor cancels the debt either by reducing the principal or accepting property worth less than the debt amount in full satisfaction of the ... http://www.debthelpdelivered.com/the-frustration-of-bad-debt-part-4/finance/2009/12/ Continued from “The Frustration of Bad Debt Part 2"  Cited: ABA Journal  Attribute Reduction: It was mentioned in the previous part that the price for excluding CD income that the debtor must reduce certain specified tax attributes when reducing a debt.  That means a debtor who declares bankruptcy, insolvency or qualified farm indebtedness ... http://www.debthelpdelivered.com/the-frustration-of-bad-debt-part-3/finance/2009/12/ Cited: NY Daily News A Lutheran school lost its facility, but has reopened as a secular school after the parents raised thousands of dollars were to happen.  The New Chapter Academy has a new beginning as does Principal Ginger Joseph.  The Lutheran school came back from the brink last month when ... http://www.debthelpdelivered.com/parents-help-keep-private-school-open/education/2009/12/ Cited: Realty Times The tons of paperwork that may be needed by short-sale sellers and their agents give them plenty to think about besides being annoying.  Even so, they need to make sure that they keep it for possible future use as well as pay attention to what is in the ... http://www.debthelpdelivered.com/banks-and-irs-may-give-short-sale-sellers-problems/real-estate/2009/12/ Cited: Baltimore Sun Until you are sick and overwhelmed by copayments and other health costs, you may not even realize that your coverage is inadequate even if you have debt.  This tells you that not just uninsured patients who can rack up steep medical bills or medical debt. "Medical costs are the ... http://www.debthelpdelivered.com/the-uninsured-are-not-the-only-ones-with-medical-debt/healthcare/2009/12/ Cited: Law.com I bring you an old story with a new twist that is as old as borrowers, lenders and the bankruptcy code itself.  It seems that one judge wants to help a company get reorganized to alleviate its debt. On Oct. 15, Southern District of New York Bankruptcy Judge James Peck ... http://www.debthelpdelivered.com/is-below-market-secured-valuable/finance/2009/12/ Continued from “The Frustration of Bad Debt Part 1" Cited: ABA Journal Modification of Debt By reducing the interest rate or extending the maturity date a creditor may agree to modify the terms of a loan or other debt.  If this is defined as "significant" under the Treasury regulation section 1.1001-3 will determine ... http://www.debthelpdelivered.com/the-frustration-of-bad-debt-part-2/finance/2009/12/