Donald Trump and Bankruptcy

Historically in the United States, bankruptcy is a term that has carried an extremely negative connotation.  Those who file for bankruptcy protection are seen, mostly by themselves, as failures who could not meet their monthly obligations.  Unfortunately, this is almost always an inaccurate way to think about and approach bankruptcy, as you’ll see below.

Donald Trump

When people think of successful businessmen in the United States, many will either immediately or quickly think of Donald Trump.  He’s long been famous for his aggressive business tactics and his willingness to make the ‘big deal’ that makes a huge splash with the media.  Most of Trump’s success has been within the real estate field, but as anyone who’s been paying attention in recent months understands, the real estate market is in dire straits.

When a market-wide crash occurs as it is right now, no one is exempt from its effects.  That includes Donald Trump, whose real estate company has also fallen on hard times given the dropping values of land and property, the extreme difficulty with obtaining competitive financing and the lack of ability to sell property at a price that presents a profit to the seller.

As a result, Trump’s real estate company recently filed for bankruptcy.  Since it was technically a corporate bankruptcy petition, filed under Chapter 11 of the United States Bankruptcy Code, Trump’s individual assets are not at risk.  However, his company must now be reorganized under the tenets of bankruptcy law and it must meet all the criteria set out by the court in order for the reorganization to be accepted and to ultimately be successful in getting the company back on its feet.

Not the First Time

Additionally, this latest filing for bankruptcy protection is not the first time one of Trump’s development companies has sought bankruptcy protection.  Trump’s company also filed for bankruptcy protection in 1991 during the previous American recession and for many of the same reasons – his company owed too much money and his assets could not be sold to the point where the company could meet its obligations.

Lessons Learned

What anyone should take from this brief bit of history is that anyone can fall into hard times financially and because of circumstances beyond his or her control.  Those who may be struggling should also understand that bankruptcy is not an end, but rather a beginning anew, as Trump has already proven.

If you are facing financial difficulties, do not wait and allow it to get worse – contact the Arizona bankruptcy attorneys at Phillips & Associates today to schedule an initial consultation and take the first step towards getting your finances under control. If you would like to learn more about Arizona bankruptcy laws, please visit

Why is Estate Planning Important?

If you are a relatively young person, you might think that estate planning bears no relevance to you and can be done some time in the future. A responsible person always makes contingency plans for any future eventuality, and that is what an estate plan is. If you have just married or have young children it is all the more important that you are more responsible with your finances so that your spouse, loved ones and minor children are taken care of if you were to meet with an unforeseen accident or death.


Estate planning ensures that all your assets: cash, properties, shares, clothes, jewelry, land, retirement, investment and savings are properly disbursed on your death. The goal of the estate planning is to ensure that most of these assets are transferred to your beneficiaries while paying the least amount in taxes. In case you have minor children, the plan will assign legal guardians for them to act on their behalf until they reach their adulthood.  The plan may involve the making of a will and a trust. After establishing your needs, your estate planning attorney would recommend whether you approach a will-based estate plan or a trust-based plan. A will is a legal document that is a decree of your wishes on how you would like your properties to be distributed on your death. Should you want to set up a trust, the properties would be entrusted to an individual or organization that would manage your property on behalf of the beneficiaries. If you require some person to act on your behalf having legal power to handle your affairs when you are unable or unavailable then the document called a “power of attorney” can be drawn up.


Over the years, the number of trust-based estate plans has been on the rise as creation of a trust involves fewer administrative expenses and so your lawyer would advise it over a will-based plan. Will based plans generally invite higher administrative costs during probate. Whatever your decision, even a revocable trust would still require you to make a last will and testament to express your last wishes. For all your queries you should visit lawyers who specialize in handling such cases. If you are of sound mental health and above 18 years in age you are eligible to start thinking of making your will and start the process of estate planning. Hannibal MO residents can consult family lawyers who will give you the best counsel.



When to comes to equal distribution and documentation of properties or assets, always look for appointing professional Estate Planning Hannibal MO  attorney for complete legal procedures.

Elder Abuse – Protecting Our Senior Citizens

Within the mid-Sixties the federal passed, along with alternative civil rights legislation, the Older Americans Act of 1965, forty two U.S.C. 3001 et seq., specifically addressing the older American. Traditionally, this statute is central in the context of elder law being that it absolutely was the primary to ascertain prohibitions against abuse and neglect of the elderly, among other protections. Since then, elder abuse laws have expanded both on the federal and state levels as seen with the 1987 Older Americans Act Amendments and similar state adopted laws that mirror its provisions.
While the Older Americans Act will not give an all-encompassing definition of an elder, it sets tips for determining elder abuse that is ultimately determined based mostly on the particular facts and circumstances of a given situation. Notwithstanding, Americans aged 65 or older have come to fall at intervals the “elder-demographic.” As such, consistent with a report of the U.S. House of Representatives Committee on Aging, 5 p.c of all Americans of this aged population are victims of elder abuse. Sadly, the same source estimates solely twelve percent of all elder abuse activities are actually reported.
These numbers suggest that elder abuse has become a virus downside in the United States affecting a staggering one-third of all older Americans who belong to a notably growing class of citizens. Abuse takes many forms, however the ultimate result is damage – physical, psychological, emotional, or legal – to the elder person. Often, the victim might have been abused by shut family, friends, or their caregiver; however, there also are instances of self-abuse. In short, one need solely infringe on the rights of an elder person, or willfully and/or neglectfully cause physical, money, or psychological hurt for it to be thought-about abuse. So, the manner and types of elder abuse that exist kind a broad spectrum of varying degrees.
Very serious among the abuses of the elderly are domestic violence, sexual assault, stalking and dating violence, all of that could include physical and/or psychological components, presumably even exploitative ones. Consequently, the most common causes of elder abuse in general are:
1. The abuser has an innate pathological would like to hurt others, particularly elders.
2. The caregiver breaks down underneath the strain of caring for the elder person resulting in abuse, often occurring with Alzheimer’s patients, and typically when there’s solely one caregiver who is without sufficient relief or respite.
3. The caregiver seeks revenge that’s frequently because of a task-reversal behind the caregiver having once been a victim of past abuse.
4. The caregiver might be a substance abuser which influences his/her abusive activity.
5. The caregiver is isolated or feels unappreciated and manifests his/her frustration by abusing the elder person.
6. The caregiver could be underneath the monetary control of the older person causing anger and/or resentment directly or indirectly leading to abuse.
7. Institutional caregivers that lack resources and/or personnel necessary to provide adequate care that leads to negligence or neglect.
The causes are several, and this list isn’t all-inclusive: socioeconomics, race, culture, and alternative emotional factors are also known to have – in some cases- a causal affiliation to abuse.
The legislative response to elder abuse has created some vital progress in abating this national drawback; for instance, the Older Americans Act Amendments need state agencies on aging to determine and establish protective wants and protecting services to assist the elderly. Nevertheless, the state response to the matter has been limited.
One proposal is to mobilize a bigger grass-roots effort to convince the states to enact appropriate legislation also on allocate bigger resources to elder protection with an emphasis on more training of law enforcement and protective services personnel. Given the insufficiency of resources across the country, though, several experts suggest a mix of government based mostly, private, and charitable efforts in an exceedingly joint-alliance to stem what’s one among the foremost vital issues affecting our elderly.

Kitty Cooper been writing articles online for nearly 2 years now. Not only does this author specialize in elder care ,you can also check out his latest website about: Black Electric Fireplace Which reviews and lists the best Electric Corner Fireplaces

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Photo Supplements For Wills Eye Manual

Wills Eye Manual gives authoritative information about every eye disorder known to modern medicine. The claim does not exaggerate; it simply states a fact.

Now in its fifth edition, the manual provides clinicians with concise, accurate, explicit information about symptoms and signs, diagnosis and treatment, medication and follow-up care for eye problems of all kinds. Specifically designed for quick and easy use in emergency rooms, high-volume clinics, and primary care physicians’ offices, Wills Eye Manual presents information in outline form according to standard clinical procedure. Now color-coded for even easier reference, easily scanned discussions of eye disorders detail symptoms, signs, and etiology; in the fifth edition, each outline also includes differential diagnosis for vague, ambiguous, and unusual presentations. Outlines continue through laboratory testing, work-up, and treatment; and the editors wisely include discussion of sophisticated, state-of-the-art radiography and laser surgery above and beyond explanation of traditional protocols. Wills Eye Manual includes a Pharmacopoeia, an ophthalmologist’s condensed version of the Physicians’ Desk Reference. And the fifth edition adds all-new appendices devoted to recent discoveries, innovative treatments, and controversial issues in ophthalmology.

The fifth edition marked an advance over the four previous editions, adding color coding to the outlines. That advance, however, pales by comparison with the fifth edition’s unprecedented and by far most spectacular addition: In the fifth edition, the editors have included more than two-hundred full-color clinical photographs. Students, clinicians, and reviewers rave about the pictures simply on the basis of their composition and detail. Far more importantly, though, regular users of Wills Eye Manual accord their highest praise to the photographs’ usefulness. No matter how well a written description represents symptoms and distinctive signs of an eye disorder, a picture naturally provides a more accurate, precise, and immediate assessment tool. One ER doc compares the combination of words and pictures to “Mapquest”: “Always better to have both the pictorial map and the turn-by-turn directions than just one or the other. Same principle applies to the words and pictures in the manual,” he says.

Divne Pointer is a health writer. To find the best price for the Wills Eye Manual please visit

Tips for Finding an Emergency Dentist Chicago Trusts

Perhaps you are looking for an emergency dentist you can trust. Although it may seem difficult, finding such a dentist can be accomplished by becoming an informed patient. Here are some tips to help you become one so you can find a trustworthy dentist just within the Chicago area.


Know what emergency dentistry is. Emergency dentistry is a system that seeks to address ailments requiring immediate attention. Some of the ailments it covers are bitten/cut lip or tongue, broken, chipped, or cracked teeth, broken jaws, cuts, or gashes, crooked teeth, knocked out teeth, lost fillings, serious toothache, and wisdom tooth extraction. If you suffer from any of these, it is imperative to contact an emergency dentist immediately.


Understand what defines an emergency dentist. An emergency dentist is defined by his/her availability and expertise in enabling patients to get out of painful situations. Since a dental emergency can occur under varying and often unpredictable circumstances, a true emergency dentist can provide the necessary treatment without being constrained. Compared with other dentists, an emergency dentist places utmost regard for patients’ expedient recovery.


Look for several emergency dentists and pay attention to their traits. You may be fortunate to contact various dentists, but finding an emergency dentist Chicago trusts involves careful selection. To aid you in the selection process, consider some additional traits of a dependable emergency dentist. One is that such a dentist has an extensive and impressive background, especially in handling emergency cases. S/He does not hesitate to provide references who can attest to his/her capabilities.


Another trait of an emergency dentist Chicago trusts is that s/he is an empathic and effective communicator. Such a dentist knows how to handle irate or panicking patients and effectively address their concerns. S/He also understands that the best way to calm patients is to establish a sincere connection with them by making them feel genuinely understood. More importantly, s/he uses plain and concise language to enable patients to understand their respective condition.


Expand your selection options. Instead of relying on directories, why not use the Internet to find the emergency dentist Chicago trusts? A lot of good emergency dentists post their contact details and range of services via Web sites, so you can take advantage of the Internet by doing research. You can also ask trusted local dentists for referrals to their colleagues who engage in the practice of emergency dentistry.

If you have questions, please visit us at for complete details and answers.


The Problem Of Elder Financial Abuse

Estate planning attorneys for the most part engage in every aspect of elder law, and one of the issues that is raising a lot of eyebrows is that of elder financial abuse. They say that all statistics lie, and any time you try to gather data that involves some potentially embarrassing admissions the numbers are likely to be understated. But to give you a general idea about just how significant this problem is, a 2009 MetLife Mature Market Institute study estimated annual losses due to elder financial abuse at some $ 2.6 billion a year.

To put this issue under the microscope you have to get into some sensitive territory, and the rabbit hole runs deep. But to scratch the surface it is useful to point out the fact that the majority of instances of elder financial abuse are perpetrated by a member of the victim’s family. This is hard to swallow, but a fact nonetheless. Short of this, caregivers and other people who are known to the victim are also common culprits, and there is no way of candy coating the challenge here: who can you trust?

Elders are also abused financially by people and entities that they do not know. Offers of various sorts can be made to them over the phone, in person at their doors, or over the Internet. The appeal of these offers can vary, and it must be said that some victims get themselves into trouble through their own desire to make easy money that they really don’t need.

In addition, many seniors fall victim to the epidemic of identity theft. Identity thieves target people of all ages, but seniors are especially appealing because they usually have very good credit, and many seniors own their homes outright making mortgage scams possible.

Elder financial abuse is something that everyone should be aware of and take very seriously. But the fact is that the vast majority of family members would never do anything to harm their elder relatives. People you don’t know who are proactively soliciting you are something else entirely. Stay vigilant, keep a tight hold on your purse strings, and discuss the matter of elder financial abuse with your attorney the next time you review your estate plan.

Alan L. Augulis is a leading provider of expert estate planning guidance in Warren, NJ. For more information on elder financial abuse and other estate planning services, visit our website.

Columbus Elder Law Lawyers (614) 798-9800 Elder Law is extremely complex and involves both advanced tax and estate planning preparation coupled with many other…
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The role of a New Jersey Wills Lawyer

It is the duties of every individual to execute a will of all his or her effects, so that the inhabitants of the property after the holder’s demise (particularly the children) do not bicker over the issue. Some bring claims in court, only enhancing the tension between the families. It is therefore desirable that every person executes a living will, and declares all about their assets, and the way they should be handled. A person doing so in New Jersey must choose a responsible New Jersey will drafting lawyer who can draft the will and also suggest the legal boundaries in which it will be executed. In the event of the person executing the will falling sick, the will would have details regarding whatshould be provided for his medical expenses, which otherwise have a serious effect on the family, which has to bear the medical expenses in case he is not covered under any insurance and the illness requires prolonged treatment. The New Jersey wills lawyer chosen will then execute the will under the governing laws.The state of New Jersey maintains that the will must be witnessed by two other people who will confirm that the person executing the will is in sound condition and is not executing the will under any coercion. The will is then further attested to by any person who can administer oaths in New Jersey.

There are occasions when the will executed in New Jersey is to be contested. To contest a will one needs to consult a specialist in wills, and select one of the many suitable New Jersey will contest attorneys. The attorney will mull over all the details that are being reflected in the will, and contest his findings in a court of law. The New Jersey will contest attorneys will justify the client’s claim that he was not given his fair share in the estate of the deceased, and put forth all the facts before the court. The executor will approach a probate lawyer to contest the claim and a seasoned attorney must be able to justify the claims in the favor of his client.

In order to avoid the fallout of the relatives due to their claims, it becomes the duty of executor to seek the counsel of a probate lawyer to simplify the process of will execution and broker a solution that is amicable to all of those involved. 

HnLawFirm are New Jersey based lawyers. Contact a New Jersey will drafting lawyer for all cases regarding the drafting of the will. In case the will is contested contact our New Jersey will contest attorneys .

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US Bankruptcy Laws

They are entitled o payment forthwith. They have an unassailable right to be paid out of the assets of the debtors. From the scenario, many of the original settlers in Texas were debtors fleeing from creditors in other states because Texas bankruptcy laws generously protect a debtor’s “homestead” from being seized by creditors. In order to discuss about these facts The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005, the changes in the bankruptcy code, debtors and creditors right has to consider here.

The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005, provides few facilities that limiting state homestead exemptions to $ 125,000 in equity for homesteads owned for three years and four months that is less than 1,215 days. To do that they has to face two objective tests. A means test and median income test determine chapter 7 cases to protect fraud. By applying these tests court decides period of time to reduction of debts. If bankrupt income more then the test applies then he has to pay compensation for perpetrated fraud.

Debtors can protect their asset by investing them in a housestead. Debtors get opportunity to hide from creditors. However, may be congress considering policy grounds to introduce this law. May be the Texas homestead exemption Act tried to give protection for the wife and children. It is very common for a wife with young children to be faced with eviction in circumstance where the realization of her beneficial interest will not produce enough to buy a comparable home in the same neighborhood, or indeed elsewhere. And if she has to move elsewhere, there may be problems over schooling and so forth. Such circumstance engendering natural sympathy, may be they considering these issues before passing the law. Therefore, Texas homestead exemption Act, provides exemption taxes, several Code provide insurance facilities, current wages.

In addition, when a settler began bankrupt, family members may claim for beneficial interest in the homestead under a resulting or constructive trust. If wife has made a direct contribution to the purchase price, three possibilities exist. The money could have been intended as a gift, loan, and beneficial interest in the homestead to bankrupt. May be wife has indirect contributions to purchase of the homestead. For a constructive trust to arise three conditions must be satisfied. However, court follow the new rule but there has few loopholes.

The law of mortgages has particularly concerned itself with the need to protect the mortgagor from harsh and unconscionable transaction. Equity has always stressed the security aspect of the transaction and has developed rules to protect the mortgagor equity of redemption. May be court considering these issues that in equity mortgagor’s has right to redemption on date, if it not possible for him proper notice must serve.

Some of those around the table, advocate the Texas homestead exemption, and argue that provide a debtor to make a fresh start. To impose these Credit Counseling Agencies resolve the financial problem of debtors to avoid bankruptcy. Theoretically, it can be said that it is really a fresh start but practically here is a great chance to commit fraud to invest for homestead and file for bankrupt. Creditors may suffer several problems to bind by these acts. To avoid these kinds of problem it should need to be amended. In case of spouse, it should in exceptional cases.

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