TGK0360 asked:
More specifically, can a foreclosure and/or default on credit cards prevent an applicant from being approved?
Entries Tagged 'Law & Ethics' ↓
Can a foreclosure prevent someone from being admitted to the bar association?
July 12th, 2009 — Law & Ethics
Did the final version of Foreclosure Act include the $7000 credit for the purchase of a foreclosed home?
June 12th, 2009 — Law & Ethics
Stacey C asked:
I purchased a foreclosure in June 2008. I know the Foreclosure Prevention Act underwent many revisions. Does anyone know if the final version which the President is expected to sign still includes the provision for the $7000 tax credit for the purchase of owner occupied foreclosed homes? I am not a first time homebuyer.
How to hold companies under bankruptcy protection accountable?
May 30th, 2009 — Law & Ethics
pshao01 asked:
What prevents a company from borrowing a ton of money, spending it all, declaring bankruptcy, and never paying back its creditors?
Details: say the CEO gets a huge “salary” (this is actually borrowed money), buys himself a bunch of toys, then declares bankruptcy and never repays the money. What is the punishment for said CEO?