Bankruptcy Lawyer Discusses All of Trump's Bankruptcies

Philadelphia Bankruptcy Attorneys

Michael A. Cibik, Esq. of Philadelphia's Cibik & Cataldo Discusses Takeaways from Trump's Multiple Bankruptcies

Declaring bankruptcy is a smart move to keep your company in business. It's also a way to make it more efficient, too.””

— Michael A. Cibik, Partner

PHILADELPHIA, PENNSYLVANIA, UNITED STATES, July 31, 2018 /EINPresswire.com/ — Any business person will tell you that declaring bankruptcy is a common practice. Now when we say bankruptcy, we are talking about a business bankruptcy and not a personal bankruptcy. This is how a business is able to stay afloat unless the owner decides to sell it. It’s is a way for a business owner to only get penalized for their business mistakes. This type of bankruptcy does not touch any personal assets, such as a car or a home. Instead of a personal fresh start, like a Chapter 7 or Chapter 13 bankruptcy, the business can start over.

With Donald Trump, his bankruptcies were not personal (Chapter 7); they were corporate. Trump himself did not declare bankruptcy – his bankruptcy lawyers did. His bankruptcy lawyers know bankruptcy law to the “nth” degree. They know how to negotiate payment plans with creditors. Once consulting his bankruptcy lawyers, Trump, the business owner, had to do the following:

– reorganize the company;

– repay corporate debts through a payment plan;

– develop a corporate budget; and

– get the payment plan and budget approved by the creditors and the bankruptcy court.

So, when it comes to Trump’s bankruptcies, they are much less painful than those given to the average business owner. The average business owner does not have expensive assets that they can just sell off to make loan payments. They do not get more time to make payments or have the ability to negotiate their stake in a company. However, Donald Trump’s business experience and equity allowed him the ability to do this for his companies. So, what happened each time Donald Trump declared bankruptcy?

Trump’s companies have declared bankruptcy six times:

Trump Taj Mahal 1991 – ($3 billion in debt) Trump financed the construction of the Atlantic City casino with junk bonds. However, he was unable to pay the high interest rates. This was the only time he had a personal debt – $900 million dollars. Although it was a corporate bankruptcy, he decided to sell off Trump Shuttle Airline and his Trump Princess 220-foot yacht to reduce his personal debt. Trump ended up losing 10% stake in the casino.

Trump Castle 1992 – $338 million in debt) Also in Atlantic City, Trump Castle was a hotel-casino. This location went bankrupt due to an inability to make proper payments on bonds. Trump filed for Chapter 11 protection and gave up a 50% share in exchange for better terms on the debt.

Trump Plaza Casino 1992 – ($550 million in debt) This Trump hotel and casino location in Atlantic City also went bankrupt due to an inability to make proper payments on bonds. Trump filed for Chapter 11 protection and gave up a 50% share in exchange for better terms on the debt.

Trump Plaza Hotel 1992 – ($550 million in debt) He gave up a 49% stake in the New York City hotel. He remained the CEO but had to give up his salary.

Trump Hotels and Casino Resorts 2004 – ($1.8 billion in debt) Trump established a publicly traded company called Trump Hotels and Casino Resorts. This entity consolidated Trump Taj Mahal, Trump Castle, and Trump Plaza. Because of this, he considers the bankruptcies of these three establishments as one bankruptcy. He sought Chapter 11 bankruptcy protection and reduced his ownership from 47% to 27%.

Trump Entertainment Resorts 2009 – ($1.2 billion) After Trump Hotels and Casino Resorts went bankrupt in 2004, Trump Hotels and Casino Resorts was renamed as Trump Entertainment Resorts. The entity ended up needed Chapter 11 bankruptcy protection with the understanding that Trump’s ownership would be reduced again to 10% and he would resign as chairman of the board. The bankruptcy was due to a missed bond interest payment.

"Declaring bankruptcy is a smart move to keep your company in business," says Cibik. "It's also a way to make it more efficient, too."

As you can see, the main result is that Trump’s stake in these bankrupted companies was reduced. He had effectively distanced himself from them. The only time Donald Trump had personal debt was in 1991. Yet, it was no big deal to sell off his airplane and yacht. The majority of us cannot do this. After this bankruptcy, Trump learned to stop using his own wealth to back loans. He even admitted to using the bankruptcy laws to his own advantage. He also used his name to leverage his percentage of reorganization equity. It would have cost more to remove his name and rebrand, which is why the stakeholders decided to keep it. And if his name wasn’t attached to the properties, people would not associate him with bankruptcies.

The main goal of a business bankruptcy to reorganize the business. Donald Trump has managed to create benefits, such as publicity and making money – even though he reduced his stake, the businesses still brought in money. And as much as we would like to blame Trump for his casino bankruptcies, the struggling gaming industry of the 1990s played a large part in their downfall. Trump still had many successes in real estate investments in Manhattan and building projects.

Using Bankruptcy to Stay in Business

We have learned that Donald Trump has declared bankruptcy several times and came out relatively unscathed. He and his team of bankruptcy lawyers know how to play the corporate game. Trump was able to use his own assets to reduce his debt – only once. The rest of us aren’t so lucky. However, it’s a smart move to keep your company in business. It’s also a way to make it more efficient too.

About Cibik & Cataldo:

For the last 35 years, Philadelphia, Pennsylvania debt-relief law firm Cibik & Cataldo, P.C., has provided cost-efficient, superior, and value-oriented legal services to thousands of clients in Philadelphia County and the surrounding areas of Delaware County, Montgomery County, Chester County and Bucks County.

Cibik & Cataldo, P.C., is fully-staffed and concentrates solely on consumer and business bankruptcy matters. The firm does not represent banks, finance companies or insurance companies: only individuals, small business owners, and their claims.

+++++ Disclaimer+++++ This press release is considered advertising and does not constitute any client-attorney privilege and does not offer any advice or opinion on any legal matter. This release was drafted by Results Driven Marketing, LLC, a digital marketing, public relations, advertising and content marketing firm located in Philadelphia, PA

Michael A. Cibik, Partner
Cibik & Cataldo
2156003540
email us here


Source: EIN Presswire

Boxwood Kitchen to Open Location in Bend's Old Mill District

Popular online restaurant opens brick-and-mortar location in heart of Bend, Oregon dining scene

No location in Bend, Oregon offers views of the Deschutes, the iconic Central Oregon mountainscape and access to shopping, dining and entertainment like the Old Mill District does”

— Eric Rud, co-owner Boxwood Kitchen

BEND, OREGON, USA, July 31, 2018 /EINPresswire.com/ — Boxwood Kitchen, which originally launched last year as a chef-inspired food delivery service, will open its first location in the Old Mill District in late fall. Known for inspired dishes that creatively incorporate flavors from the Far East to the Far West with locally sourced ingredients, Boxwood Kitchen’s new location will feature upscale yet casual lunch and supper club themed dinner with beer, wine and classic cocktails. Local co-owners Eric Rud and Riane Welch have been looking for a brick-and-mortar location for some time.

"Bend's rapid growth means that we've watched new developments popping up all over town, but none of these locations offer views of the Deschutes, the iconic Central Oregon mountainscape and access to shopping, dining and entertainment-all in the heart of Bend like the Old Mill District does," said Rud. "When the opportunity to open there came about, it was an exciting possibility for us, and when we met the Old Mill District team we knew that they were really invested in our business and that made the decision very easy for us."

Boxwood Kitchen was founded with the tagline of "Adventures, Good Food, Good People" and that mindset will continue as the owners move from a strictly online delivery model to add in their new permanent location. Rud draws on his passion for food and 20+ years of experience in the Bay Area and beyond to craft dishes with quality and value in mind. The final menu for the restaurant is still under development, but patrons can expect to see fare ranging all the way from a housemade porchetta sandwich with hand-cut pickled french fries to arctic char roulade with white bean puree and sauce almondine – and everything in between. They also plan to offer brunch on the weekends.

Rud and Welch will continue to operate their online food delivery services to the local community. Their new restaurant will be located at 330 SW Powerhouse Drive, Ste 150, Bend, OR 97702. More on their website: boxwoodkitchen.com

About the Old Mill District
One of the Pacific Northwest’s most distinctive and dynamic mixed-use developments, the Old Mill District
is located on 270 acres that formerly housed one of the largest sawmill operations in the world. The rich
history of the land is coupled with spectacular mountain views, scenic river vistas and an extensive trail
system to enjoy the outdoors. More than 55 local, regional and national retailers and businesses call the Old
Mill District home. The Old Mill District – Bend’s most unique shopping, dining, living, and entertainment
experience. www.oldmilldistrict.com

###

Noelle Fredland
Old Mill District
541-312-0131
email us here


Source: EIN Presswire

Leading Exhibition & Conference, Future Healthcare Returns to London in 2019

Future Healthcare, a pioneering event showcasing innovative healthcare solutions will be returning to London for the second time 18-19 March 2019.

"Future Healthcare 2019 is set to be three times the size as last year. Innovators, leaders, and buyers from all over the world meet in London for collaboration and deal making on a global scale”.”

— Dawn Barclay-Ross , Event Director

LONDON, UNITED_KINGDOM, July 31, 2018 /EINPresswire.com/ — MEDIA INFORMATION

31 July 2018
FOR IMMEDIATE RELEASE

LEADING EXHIBITION &CONFERENCE FUTURE HEALTHCARE RETURNS TO LONDON IN 2019

Future Healthcare, a pioneering event showcasing innovative healthcare solutions in the 21st century will be returning to London for the second time in March 2019.

Held at Olympia London from 18-19 March 2019, Future Healthcare 2019 will showcase hundreds of products, services and leading innovations that can support sustainable healthcare systems across the private and public sectors across the world.

Event Director, Dawn Barclay-Ross in announcement of the 2019 edition said: “Following a hugely successful launch event last year, Future Healthcare 2019 is set to be three times the size as last year. A major meeting of innovators, thought leaders, key buyers, practitioners and policy makers in healthcare from all over the world who come to London for collaboration and deal making on a global scale”.

At Future Healthcare you can expect to find the technological solutions needed to support sustainable healthcare systems and to understand how to better serve future generations of patients. The UK has always been a major hub for healthcare research and technological innovation and Future Healthcare 2019 is a unique opportunity to showcase these solutions on a global scale at a truly international event that attracts visitors from over 55 countries.

Dawn concluded “With 70% of stand space now sold, Future Healthcare 2019 is on track to host three times as many exhibitors in 2019, who are ready to demonstrate how their solutions and technologies are shaping the future of healthcare”.

For further information regarding exhibiting, speaking and sponsorship opportunities at Future Healthcare 2019, visit www.futurehealthcareuk.com, email dawn@futurehealthcareuk.com or call +44 (0) 203 740 4666.

Ends –
Note to Editors:

About The Organiser

Pri-Med Global Exhibitions Ltd is an independent exhibition and conference organiser, based in London in the UK.

For further Information: To arrange interviews, source comments and quotes and to obtain high resolution images please contact: The PR team at Future Healthcare 2018 on: pr@futurehealthcareuk.com Tel: + 44 (0)203 740 4666. www.futurehealthcareuk.com

Dawn Barclay-Ross
Pri-Med Global Exhibitions Ltd
07397928002
email us here


Source: EIN Presswire

Tax Lawyer Richard Sam Lehman announces the release of his new series of videos on the Tax Cuts and Jobs Act of 2017

Richard S. Lehman, Tax Attorney in Boca Raton, FL

Richard S. Lehman, Tax Attorney in Boca Raton, FL

Richard Sam Lehman, tax video on IRS Streamlined Compliance on YouTube

Richard Sam Lehman, tax video on IRS Streamlined Compliance on YouTube

Website of Richard S. Lehman, U.S. Tax Attorney

Website of Richard S. Lehman, U.S. Tax Attorney

Richard S Lehman, Video on IRS Amnesty FATCA and FFI Reporting on Youtube

Richard S Lehman, Video on IRS Amnesty FATCA and FFI Reporting on Youtube

Office, Richard S. Lehman, U.S. Tax Attorney

Office, Richard S. Lehman, U.S. Tax Attorney

Lehman Tax Law announces the release of explanatory videos that clarify the changes resulting from the “Tax Cuts and Jobs Act of 2017” (“Trump Tax Cuts”).

Lehman Tax Law (N/A:N/A)

… I want to use my 40 plus years of knowledge to educate and simplify for individuals these confusing and sometime overwhelming tax laws …”

— Richard Sam Lehman, Tax Attorney

BOCA RATON, FLORIDA, UNITED STATES, July 31, 2018 /EINPresswire.com/ — Richard Sam Lehman of Lehman Tax Law has released the first of the six videos that reflect on all the changes that resulted from the “Tax Cuts and Jobs Act of 2017” (also referred to as “Trump Tax Cuts”). Most of the changes introduced by the Act went into effect on January 1, 2018 and will not affect 2017 taxes. Each of the six videos represents an important subject regarding the Internal Revenue Code and they will be relevant to many taxpayers, both foreign and domestic.

Mr. Lehman explains his motivation for developing the explanatory videos. “I have built a national reputation for handling tough tax cases, I want to use my 40 plus years of knowledge to educate and simplify for individuals these confusing and sometime overwhelming tax laws.”

The first video being released explains the impact of the Trump Tax Cuts on Ponzi Scheme theft losses. “A Ponzi scheme is a form of fraud in which a purported businessman lures investors and pays profits to earlier investors using funds obtained from newer investors.” (Wikipedia). A well-known example of a Ponzi scheme is the Bernie Madoff investment scandal discovered in late 2008.

The Act has eliminated “tax loss carrybacks” to prior years. Therefore, the Ponzi Scheme theft loss may be less valuable for injured taxpayers. Explains Mr. Lehman: “This is because the tax rates, upon which tax refunds for Ponzi Scheme losses will be based, have gone down and the percentage of tax that will be refunded will be reduced.”

The video series consists of the following six subjects:

Tax Planning for Recovery of the Ponzi Scheme Clawback
Tax Planning for Recovery of the Ponzi Scheme Losses
Tax Planning for Foreign Investors in U.S. Real Estate
Tax Planning for Foreign Investors who is Immigrating to the U.S.; Pre Immigration Tax Planning
The Offshore Voluntary and Streamline Procedures for Unreported Foreign Bank Accounts
Tax Planning for the Foreign Investor – General Principles

Mr. Richard Lehman has been practicing in Florida for nearly 40 years. Richard obtained is law degree from Georgetown Law School and he received his Master’s degree from New York University in taxation. Richard Lehman is also a frequent speaker on tax issues and has published several articles on the subject matter. His law firm website is https://www.lehmantaxlaw.com.

The first video of the series “Ponzi Scheme Losses and the 2017 Tax Cut and Jobs Act” (47 minutes long) is available at https://www.youtube.com/watch?v=DXnxsHZtiiI.

Note: These Reports are not intended to be and cannot serve as legal advice. Each taxpayer faces a unique factual situation which must be reviewed by tax advisors and legal counsel before any conclusions can be reached.

The website of Richard Sam Lehman, Tax Attorney, which provides additional information, is https://www.lehmantaxlaw.com/

Mr. Richard Lehman’s YouTube channel has several videos on this subject: https://www.youtube.com/user/rlehman33

A summary of the 2017 Tax Cut and Jobs Act is on Wikipedia at https://en.wikipedia.org/wiki/Tax_Cuts_and_Jobs_Act_of_2017.

Richard S. Lehman, Attorney at Law
United States Taxation and Immigration Law, LLC
561-368-1113
email us here

Richard Sam Lehman, “Ponzi Scheme Losses and the 2017 Tax Cut and Jobs Act”


Source: EIN Presswire

Kelly Strauss Elected to National Auctioneers Board

FREDERICKSBURG, VIRGINIA, UNITED STATES, July 31, 2018 /EINPresswire.com/ — Nicholls Auction Marketing Group, Inc., (www.nichollsauction.com) announces that the National Auctioneers Association elected Kelly D. Strauss, CAI of Nicholls Auction Marketing Group to its Board of Directors at its recent 2018 International Auctioneers Conference and Show held in Jacksonville, FL.

The National Auctioneers Association (NAA) is the auction industry’s largest membership association with over 3,800 members.

Strauss said that the importance of family was a significant factor in both his personal and professional auction lives.

“We are truly a family in the NAA. During this short week, we see auctioneers rekindling friendships, catching up on each other’s lives, and we see auctioneers helping other auctioneers,” stated Strauss. “I will be proposing an NAA mentorship program to assist the success of new and even returning auctioneers as they become part of the NAA auction family.”

In his speech before the NAA election, Strauss said he would keep the best interest of the National Auctioneers Association at the forefront to enhance its image.
As auction coordinator of Nicholls Auction Marketing Group, Inc., Strauss oversees the day-to-day management of many complex auction projects for the company. A graduate of the Worldwide College of Auctioneering in Mason City, IA and the Certified Auctioneers Institute, Bloomington, IN, Strauss was born and raised in the New River Valley region of Virginia in Christiansburg and Radford. He is an auctioneer from King George County, VA where he has made his home for over 20 years with his wife and two children.

Strauss has most recently represented the auction industry serving as the 2015 Virginia Auctioneers Association (VAA) President. Strauss was instrumental in scheduling highly respected members of the auction industry to speak at VAA meeting during his tenure of the VAA Board of Directors.
Strauss has served on numerous national, state, and local boards and is active in many community and church activities in King George.

For more information about Kelly Strauss and the NAA, visit www.nichollsauction.com and www.auctioneers.org.

# # #

About Nicholls Auction Marketing Group, Inc.
Nicholls Auction Marketing Group, Inc., is a professional accelerated marketing firm specializing in the promotion and sale of real estate via the auction method of marketing. Headquartered in Fredericksburg, VA, NAMG has been serving the needs of the Mid-Atlantic region since 1968. The Nicholls team comprises world and state champion auctioneers, an award winning marketing staff, and sales percentages unmatched in the industry. For more information about Nicholls Auction Marketing Group, Inc., visit www.nichollsauction.com or call 540-898-0971.

About the National Auctioneers Association
The National Auctioneers Association represents thousands of auction professionals from the U.S. and across the world. The mission of the NAA is to provide critical resources to auction professionals that will enhance their skills and successes. The NAA’s headquarters are in Overland Park, Kan. The association was founded in 1949. To learn more about auctions, visit www.auctioneers.org.

Kelly Strauss
Nicholls Auction Marketing Group
540 226 1279
email us here


Source: EIN Presswire

Thru Named a Niche Player in the Gartner Magic Quadrant for Content Collaboration Platforms

Thru Named Niche Player in Gartner Magic Quadrant 2018 for Content Collaboration Platforms

Collaboration Platforms
Thru positioned in the Niche Players quadrant for the fourth consecutive year

To us, Thru’s unlimited innovation, no-limits commitment, delivering tailored solutions for the most demanding use cases is a Niche Players quadrant quintessential.”

— Lee Harrison, CEO and Founder of Thru.

IRVING, TX, UNITED STATES, July 31, 2018 /EINPresswire.com/ — Thru, Inc., one of the leading file transfer and collaboration platform solution providers, announced today that it is has been named a Niche Player in Gartner’s 2018 Magic Quadrant for Content Collaboration Platforms marking the fourth consecutive year of being included in this Quadrant. In our view, Thru’s placement in the Niche Players quadrant reflects its laser-sharp focus of meeting complex file exchange and content collaboration requirements in this market.

“At Thru, we rely on the core of our technology ecosystem, the Thru File Exchange and Collaboration Platform, to solve unique and challenging file sharing issues in a competitive, over financed, 100-plus vendor CCP market. To us, Thru’s unlimited innovation, no-limits commitment, delivering tailored solutions for the most demanding use cases is a Niche Players quadrant quintessential,” stated Lee Harrison, CEO and founder of Thru.

Gartner’s Magic Quadrant recognizes vendors in the content collaboration platform (CCP) market which “covers a range of products and services that enable content productivity and collaboration.”
Thru's File Exchange and Collaboration Platform is based on a service-oriented architecture (SOA) with extensive APIs for integrating with multiple repositories and applications. File transfer speed and performance is augmented by Thru's OptiSPEED™ high-speed transfer and OptiBAND™ bandwidth management technologies. Thru’s 360-degree access focuses on collaboration, workflow and mobile productivity. Multiple analysts cover Thru’s range of solutions including:

• The Forrester Wave™ – : Enterprise File Sync And Share Platforms — Cloud Solutions, Q4 2017
• 451 Research – “Thru drives network optimization and content automation in parallel”
• Market Deeper Research – Enterprise File Sync and Share Report 2018 – 2024
• XPLOREMR – Global Enterprise File Sync and Share status and Forecast 2025

To receive a complimentary copy of the report, go here.
• Read more: Thru’s blog
• Learn more: Thru File Exchange and Collaboration Platform
• Follow Thru on LinkedIn and Twitter

*Gartner, Magic Quadrant for Content Collaboration Platforms, (Monica Basso, Michael Woodbridge, and Karen A. Hobert) July 9, 2018.

Disclaimer: Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
About Thru Inc.

Thru’s File Exchange and Collaboration Platform, with its expansive integration capability and global presence, unshackles the limits on the most challenging Managed File Transfer, Software Delivery and Content Collaboration requirements on a single platform. Visit Thru Inc. or contact sales@thruinc.com

Blake Pritchard
Thru Inc
8172402430
email us here


Source: EIN Presswire

Items and property from the estate of Diane and Tex McIver will be sold on-site, August 3rd-5th, in Eatonton, Georgia

The ranch property in Eatonton, Ga., is situated on about 85 acres east of Atlanta, in Putnam County.

The property includes a separate ‘saloon’ entertaining area, shown, beautifully appointed.

Jewelry items from Diane McIver, being sold in the August 4th auction, will include this stunning necklace.

An outdoor pool just off the main house is one of many pluses that come with the Eatonton ranch property.

This whimsical outdoor horse sculpture is one of many objects bidders will vie for at the three-day event.

Diane McIver is the prominent Atlanta businesswoman who was fatally shot and killed by her husband, Atlanta attorney Claud “Tex” McIver, convicted for murder.

The sprawling, western-themed ranch property includes a home, a separate ‘saloon’ entertaining area guest house, a wine cellar, horse stables, two stocked ponds and outbuildings.”

— Robert Ahlers

EATONTON, GA., UNITED STATES, July 30, 2018 /EINPresswire.com/ — Items and property from the estate of Diane Smith McIver – the prominent Atlanta businesswoman who was fatally shot and killed by her husband, Atlanta attorney Claud “Tex” McIver, now serving a life sentence in prison for felony murder – will be sold on-site, at the couple’s ranch in Eatonton, situated on about 85 +/-acres, east of Atlanta in Putnam county. The address is 603 Pea Ridge Road Southeast in Eatonton (zip: 31024).

All items, plus the ranch property, will be sold in a three-day combination event the weekend of August 3rd-5th by Ahlers & Ogletree, Inc., based in Atlanta; Dempsey Auction Company, based in Rome, Ga.; and Peachtree Battle Estate Sales, an affiliate company of Ahlers & Ogletree, Inc.

An estate tag sale will be held all three days from 10-4 by Peachtree Battle Estate Sales; a live auction of the property’s contents will be held on Saturday, August 4th, beginning at 11 am by Ahlers & Ogletree, Inc.; and the ranch property will be sold on Saturday, August 4th, at 12 noon by Dempsey Auction Company (all times Eastern).

Offerings between the estate tag sale and the 300-lot auction will include luxury furnishings, home décor, fine jewelry, antiques, fine art, clothing, farm equipment, boats, china, housewares, lighting, decorative accessories, rugs and more. The sprawling, western-themed ranch property includes a home, a separate ‘saloon’ entertaining area guest house, a wine cellar, horse stables, two stocked ponds and outbuildings.

Ahlers & Ogletree, Inc., sold some property from Mrs. McIver’s estate in January 2017, as part of their New Year’s Signature Estates Auction. Items included designer purses and bags, high-end and estate jewelry, and Rolex and Chanel watches. In December 2016, more than 2,000 items from Mrs. McIver – clothing, jewelry, shoes, handbags and furs – were sold through Peachtree Battle Estate Sales & Liquidations. The two entities are partnering again for the August event.

Diane McIver was the former president of Corey Airport Services and U.S. Enterprises in Atlanta and a savvy businesswoman prior to her tragic and untimely death at age 64 in 2016.

But on that fateful night in September 2016, while driving back to Atlanta from Eatonton, in the McIvers’ Ford Expedition driven at the time by Mrs. McIver’s best friend, Dani Jo Carter, the double-action revolver held by Mr. McIver in the back seat suddenly discharged, shooting Diane in the back and eventually killing her. Claud McIver pleaded not guilty in the lengthy jury trial.

Mr. McIver said he asked his wife to pass him his gun from the glove box when they were driving through an area of Atlanta, near Piedmont Park, that he felt was unsafe. While holding the gun in the backseat, he told police, he started to doze off, and when he woke up with a jolt the gun went off by mistake. The bullet passed through the front seat hitting Diane, an injury that eventually resulted in her death. Mr. McIver was found guilty of felony murder and other crimes, and he is now in prison while appealing his sentence.

At the end of his six-week-long trial, Mr. McIver, 75, was found guilty of felony murder and sentenced to life in prison, with the chance for parole. He is currently appealing the conviction.

Ahlers & Ogletree is a multi-faceted, family-owned business that spans the antiques, estate sale, wholesale, liquidation, auction and related industries. Ahlers & Ogletree is always seeking quality consignments for future auctions. To consign an item, an estate or a collection, you may call them at 404-869-2478; or, you can send them an e-mail, to consign@aandoauctions.com.

To learn more about Ahlers & Ogletree and the three-day on-site event at the McIver ranch property in Eatonton, Ga., visit www.AandOAuctions.com. Updates are posted often. You can follow Ahlers & Ogletree on social media, on Twitter, Instagram, Pinterest and Facebook.

# # # #

Robert Ahlers
Ahlers & Ogletree Auction Gallery
(404) 869-2478
email us here


Source: EIN Presswire

Business attorney Frank Lauletta comments on opportunities for investors in New Jersey based on the Tax Cuts & Jobs Act

Frank Lauletta, Partner at the Law Firm Lauletta Birnbaum

Frank Lauletta, Partner at the Law Firm Lauletta Birnbaum

Website of Lauletta Birnbaum, Frank Lauletta, Partner

Website of Lauletta Birnbaum, Frank Lauletta, Partner

Frank Lauletta, Attorney Profile at solomonlawguild.com

Frank Lauletta, Attorney Profile at solomonlawguild.com

Lauletta Birnbaum, Attorney Frank A. Lauletta

Lauletta Birnbaum, Attorney Frank A. Lauletta

Office of Lauletta Birnbaum, Frank Lauletta, Partner

Office of Lauletta Birnbaum, Frank Lauletta, Partner

The Tax Cut & Jobs Act provides changes and incentives that could create opportunities for New Jersey real estate investors, comments attorney Frank A. Lauletta

Lauletta Birnbaum LLC (N/A:N/A)

… although I doubt that this Act will … cause many real estate investors to enter into new markets …, those investors already active in these opportunity zones may be incentivized …”

— Frank Lauletta, Attorney at Lauletta Birnbaum

PHILADELPHIA, PENNSYLVANIA, UNITED STATES, July 30, 2018 /EINPresswire.com/ — The Tax Cuts and Jobs Act of 2017 was enacted on December 22, 2017. Explains attorney Frank Lauletta: “The Tax Cut and Jobs Act provides changes and incentives that could create opportunities for New Jersey real estate investors. For instance, the Act imposes a $10,000 cap on the itemized deduction of state and local income and property taxes, in many cases making home ownership more expensive than renting. This could result in greater rental demand especially in states such as New Jersey where property taxes are so high. This would obviously be a benefit for apartment investors.”

Mr. Lauletta then focuses on the tax breaks that are afforded to investors under the Act. The Act included Internal Revenue Code §1400Z, which provides tax incentives for investments in qualified Opportunity Zones through investment vehicles called Qualified Opportunity Funds. These funds are designed to encourage investments into low-income communities, which are designated by the state as Qualified Opportunity Zones.

Within each state the number of Qualified Opportunity Zones may equal up to 25 percent of the number of low-income communities within that state. However, if there are less than 100 low income communities, than a total of 25 tracts may be designated as Qualified Opportunity Zones. Up to five percent of the tracts designated in a State may be non-low-income communities if the tract is both contiguous with the low-income community and the median family income of the tract does not exceed 125 percent of the median family income of the low-income community. In New Jersey, there are 169 opportunity zones, which in southern New Jersey include Camden, Deptford, Woodbury, Lindenwold, Pine Hill, Carneys Point, Egg Harbor City, Glassboro, Salem, Vineland, Egg Harbor Township, Bridgeton, Millville, Pleasantville, Atlantic City, Somers Point, Lower Township and Wildwood. [FN1]

If an investor realizes a gain from a sale or exchange of a capital asset from an unrelated party, the investor may defer realization and taxation if, within 180 days from the date of such sale or exchange, the investor reinvests the gain amount with a cash investment into a Qualified Opportunity Fund. A Qualified Opportunity Fund is an investment vehicle that must hold at least 90 percent of its assets in designated Qualified Opportunity Zone properties. Opportunity zone property means property which is an opportunity zone stock, an opportunity zone partnership interest, or an opportunity zone business property. A qualified opportunity zone business property means tangible property used in a trade or business if (i) such property is acquired after December 31, 2017, (ii) the fund substantially improves [FN2] the property, and (iii) substantially all of the use of the property is in a Qualified Opportunity Zone.

Mr. Lauletta explains: “The tax advantages are three-fold. First, the tax that would otherwise be payable in connection with the sale of the prior capital asset is deferred until either the opportunity investment is sold or exchanged or December 31, 2026, whichever date comes first. As part of the deferral, the basis assigned to the replacement Qualified Opportunity Zone property of course starts at $0, however, the second advantage allows this basis to increase based upon the duration of the investment in the Qualified Opportunity Fund. If the investment is held for at least 5 years, the basis will increase by 10 percent of the amount of gain deferred. If the investment is held for at least 7 years, the basis will increase an additional 5 percent or 15 percent of the deferred amount in total. The third tax advantage is realized if the taxpayer holds Opportunity Zone Property in the Opportunity Fund for at least 10 years. If this is the case, then the basis of the Opportunity Zone Property will be the fair market value on the date it is sold. This means that no additional capital gains tax, beyond what is due on December 31, 2026, will be due when the taxpayer sells the Opportunity Zone Property.”

Mr. Lauletta concluded that “although I doubt that this Act will in and of itself cause many real estate investors to enter into new markets they are currently not invested in, those investors already active in these opportunity zones may be incentivized to expand their investment activity.”

About Lauletta Birnbaum

Lauletta Birnbaum has offices in Sewell, NJ and Philadelphia, PA and provides a full spectrum of corporate, transactional, and litigation services to businesses and individuals throughout the country in various industries such as real estate, construction, insurance and banking, intellectual property, software and licensing, data, and media. Designed to maximize flexibility and value, the firm offers real-world business strategy and legal expertise, often serving as outside general counsel to its clients. To learn more, visit http://lauletta.com/

Frank Lauletta was selected as a finalist for “Attorney of the Year” by SmartCEO‘s Power Players Awards (2014), http://smartceo.com/2014-philadelphia-power-playersfrank-lauletta/ and selected as a “Best Attorney in Business” by South Jersey Biz magazine (2014, 2015), http://www.southjerseybiz.net/articles/?articleid=879, http://southjerseybiz.net/articles/?articleid=1061

[FN1] The following link contains a map of the New Jersey Designated Opportunity Zones:
https://www.state.nj.us/dca/divisions/lps/pdf/Statewide_Designated_Opportunity_Zones_Map.pdf

[FN2] “Substantially improves” means that the investor must invest an amount equal to or greater than the cost to initially acquire the property. In other words, at least 50% of the total investment amount must be used toward improving the property.

Caitlin Mattera
Lauletta Birnbaum
856.232.1600
email us here

CBS This Morning News Report “How the tax bill will affect the returns of three American families”


Source: EIN Presswire

Caridia Capital Group Closes Three Back to Back Loans

Saybrook, CT

Jersey City, NJ

Jersey City, NJ

Caridia Capital funds three loans in a timely manner

NY, BRONX, USA, July 26, 2018 /EINPresswire.com/ — Caridia Capital Group is proud to announce the funding of two 30 year multi-family property loans. Both properties are located in Jersey City, NJ, valued at $394,000 and $330,000.

Carida is also excited to announce the closing of a single family residence located in Saybrook, CT. The property is valued at $610,000. Caridia continues to provide borrowers with excellent customer service by closing loans quickly and seamlessly!

Don't forget to check out our NEW 30 Year Investor, No Income Check Program for Not for Profit Organizations.

Caridia Capital Group
(212) 461-4575
email us here
Caridia Capital Group


Source: EIN Presswire

Will County Attorney Wins Reversal Before The Illinois Property Tax Appeal Board; County Board Decides Not to Appeal

William B. Blanchard, Real Estate Attorney

William B. Blanchard, Real Estate Attorney

Attorney Profile of William B Blanchard

Attorney Profile of William B Blanchard

Blog of William B Blanchard at williamblanchardblog.blogspot.com

Blog of William B Blanchard at williamblanchardblog.blogspot.com

William Blanchard, Attorney Listing on www.Lawyer.com

William Blanchard, Attorney Listing on www.Lawyer.com

Website of Gaia Title, William B. Blanchard, General Counsel

Website of Gaia Title, William B. Blanchard, General Counsel

Home owner appealed real estate tax assessment for his home with help of attorney; successful appeal resulted in 13% tax bill reduction for 2015 alone

Gaia Title, Inc./William B. Blanchard, Esq. (N/A:N/A)

… the homeowner was extremely happy with the outcome especially when told that the decision would entitle him to similar refunds for tax years 2016 and 2017 as well …”

— William "Bill" Blanchard, Real Estate Lawyer

ST. CHARLES, ILLINOIS, UNITED STATES, July 26, 2018 /EINPresswire.com/ — St. Charles real estate attorney William “Bill” Blanchard successfully appealed a determination by the Will County Board of Review (“BOR”) regarding the real estate tax assessment for a Homer Township homeowner (“Appellant”). On May 15, 2018 the Illinois Property Tax Appeal Board (“PTAB”) unanimously adopted the request by the Appellant for a reduction of his 2015 tax assessment. The BOR decided not to appeal the decision which now becomes final.

The Homer Township Assessor originally determined the fair market value of value of the 3,455 square foot, 2-story home in Hidden Valley Estates as $436,207, while the homeowner, represented by Mr. Blanchard at the BOR hearing, requested an assessment based upon a value of $380,800. The BOA issued a “No Change” opinion which Mr. Blanchard appealed to PTAB. PTAB’s decision in favor of the homeowner to reduce the fair market value by $55,407 resulted in a 13% tax bill reduction for the homeowner on his 2015 real estate tax bill. The over-payment will be refunded by the Will County Treasurer.

Mr. Blanchard said, “the homeowner was extremely happy with the outcome especially when told that the decision would entitle him to similar refunds for tax years 2016 and 2017 as well.” Blanchard continued, “I’ve now received reductions for 24 Will County homeowners who appealed decisions by the Will County Board of Review.”

William B. Blanchard represents residential, commercial and industrial property owners who feel they are entitled to assessment reductions in Will, Kane and DuPage Counties in Illinois.

Further information about the Illinois Property Tax System is available at http://tax.illinois.gov/publications/localgovernment/ptax1004.pdf. Specifically about Will County, Illinois, additional real property tax information is at http://www.willcountysoa.com/search_address.aspx.

William B. Blanchard is General Counsel for Gaia Title, Inc. and a real estate law attorney representing clients in the Western suburbs of Chicago in all types of real estate transactions including real estate closings, short sales, and real estate tax appeals. See http://www.gaiatitle.com/

As General Counsel, Mr. Blanchard provides title insurance examinations, commitment and policy reviews, supervises closing activities and regulatory compliance issues. Mr. Blanchard received his Juris Doctor Degree from DePaul University College of Law in 1972, and was admitted to the practice of law in Illinois in 1973. His LinkedIn Profile is at https://www.linkedin.com/in/william-bill-blanchard-080a48b/

William B. Blanchard, Attorney at Law
Gaia Title, Inc.
(630) 560-4940
email us here

CNBC News Report with Billionaire Real Estate Investor Sam Zell On The Economy and Tax Reform.


Source: EIN Presswire