Recovery in IBC negligible: Data
So far, resolution professionals moved tribunals seeking to reverse questionable deals of firms in 809 instances
Source: livemint.com
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Delaware Bankruptcy Court Rejects Use of Tax Code Look-Back Period in Avoidance Action | Jones Day
The ability of a bankruptcy trustee or chapter 11 debtor-in-possession ("DIP") to avoid fraudulent transfers is an important tool to promote the bankruptcy policies of equality of...
Source: jdsupra.com
Gov. Murphy Signs 11 NJ Laws, Giving Tax Breaks To Local Shoppers
Reply (Office of the Governor) NEW JERSEY – Gov. Phil Murphy has signed 11 more New Jersey bills into law, giving people property tax breaks if they shop local. The new law allows municipalities to create a property tax reward program for residents who patronize local merchants. "By encouraging people to shop locally we are helping to rebuild our main streets and small business communities," said Assemblyman Ron Dancer, R-Ocean. "It also provides much-needed relief for our residents who pay the highest property taxes in the nation." Subscribe The bill (A4806) codifies a practice that's alr...
Source: patch.com