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March 9, 2010

Secret Treasury Agency Wants to RETROACTIVELY Expand Offshore Reporting Requirements [Part II]

Filed under: Asset Protection, asset, assets, blog, business, exempt, llc, offshore investment, som — Tags: asset, business, effective, equity-or-hedge, exempt, file-the-fbar, Financial, government, llc, offshore investment, retirement, som, treasury — WbDowey @ 2:18 PM

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In my last blog entry I described how a virtually unknown Treasury agency, the Financial Crimes Enforcement Network, has issued proposed regulations that would change the offshore investment reporting requirements for U.S. taxpayers. The rules are slated to become effective well before the June 30, 2010 filing deadline for Treasury Form TD F 90-22.1, the “foreign bank account reporting” form, or FBAR. That means they would apply retroactively to 2009.

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March 6, 2010

Appellate Mediation Leads To More Successful Mortgage Modifications According To Tampa Foreclosure Attorney

Filed under: Asset Protection, Chapter 13, Foreclosure, GM, Mortgage Foreclosure, asset, bankruptcy, blog, mediation, modification, mortgage, mortgage modification, protection — Tags: Appellate Court, Asset Protection, Chapter 13, client, fifth-district, inevitable, mediation, Mortgage Foreclosure, motions-because, protection, the-appellate, uniform-because — ShawnInOhio @ 9:22 AM

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One of my asset protection client introduced me to an attorney in Tampa, named Mike, who has a very large and successful practice defending mortgage foreclosures and negotiating mortgage modification. I spoke with Mike and asked him about his client’s experiences during court-ordered mediation with their mortgage lender during foreclosure litigation. Mike said that mediation in state court proceedings is usually a waste of time for his clients

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March 5, 2010

Secret Treasury Agency Wants to RETROACTIVELY Expand Offshore Reporting Requirements [Part I]

Filed under: Asset Protection, Obama, asset, assets, blog, business, financial privacy, insurance, llc, national id, pension, som — Tags: assets, bank-or-private, business, congress, Financial, financial privacy, national id, Obama, united, usa — WbDowey @ 1:18 PM

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Last week, the U.S. Treasury finally clarified exactly what it expects U.S. taxpayers to disclose about their offshore holdings. And—no surprise here—they want to know lots more about what you own offshore. Beginning last year , in 2009. And, if you fail to comply, you could face a $10,000 fine and even prison.

See the original post:
Secret Treasury Agency Wants to RETROACTIVELY Expand Offshore Reporting Requirements [Part I]

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March 3, 2010

Orlando Bankruptcy Court May Empower Chapter 13 Debtors To Force Mediation With Their Mortgage Lenders: This Rule Could Avoid Many Foreclosures And…

Filed under: Asset Protection, Florida, Foreclosure, In The News, Mortgage Foreclosure, asset, bankruptcy, chapter 13 bankruptcy, mediation, modification, mortgage, som — Tags: debtor, First Mortgage, Florida, homes, In The News, modification, mortgage, Mortgage Foreclosure, opportunity, orlando, real-estate, their-mortgage — ShawnInOhio @ 8:50 PM

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The Orlando bankruptcy court is preparing to adopt a rule providing for mandatory mediation between homeowners and their mortgage companies to facilitate mortgage modification.

Read this article:
Orlando Bankruptcy Court May Empower Chapter 13 Debtors To Force Mediation With Their Mortgage Lenders: This Rule Could Avoid Many Foreclosures And…

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How Elvis Presley Got an "Ultra-Secure" Passport

Filed under: Asset Protection, Software, Travel Privacy, europe, som — Tags: amsterdam, aviation, Digital, hotels, international, internet, Predecessors, rfid, security, som, technology, Travel Privacy — WbDowey @ 1:35 PM

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Elvis died in 1977. But that didn’t prevent hackers from inserting his digital photo into a U.K.

See the original post here:
How Elvis Presley Got an "Ultra-Secure" Passport

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February 28, 2010

Attorney Uses Experience As Government’s Lending Enforcer To Effectively Defend Bank Collection Lawsuits

Filed under: Asset Protection, Foreclosure, Mortgage Foreclosure, asset, business, mortgage, protection, som — Tags: Asset Protection, attorney, Bank, experience, Foreclosure, government-task, Legal, Money, mortgage, Mortgage Foreclosure, past, real-estate, same-applicable, som — ShawnInOhio @ 10:46 AM

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Mortgage foreclosure defense has become a good business for attorneys. Many real estate attorneys who made money on real estate closing and putting together large real estate investment deals have found that most of their business in the past few years has come from clients wanting to defend against bank foreclosures and suits on personal guarantees of commercial loans

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February 26, 2010

Massachusetts Suspends Florida Drivers License To Collect Corporate Tax Debt

Filed under: Asset Protection, Creditor Rights, Florida, Income Tax, asset, bankruptcy, business, pension — Tags: bankruptcy, business, business-finds, client, corporate-tax, Florida, individual, state-respects — WbDowey @ 11:58 AM

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The state of Massachusetts is serious about collecting corporate income taxes.

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February 25, 2010

Congress Inveighs Against Surveillance Abuses—in China

Filed under: Asset Protection, Barack Obama, Obama, business, communications privacy — Tags: Barack Obama, bush, business, countries, Obama, repeal-the-fisa, united-states, usa — WbDowey @ 3:39 PM

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It’s great to know that our elected representatives are vigilantly guarding civil liberties. Only, they’re much more concerned about surveillance in other countries, not here in the USA. Case in point: China. Over the last few weeks, congressional civil libertarians have revived legislation that, if enacted, would forbid U.S. companies from selling electronic surveillance equipment to governments that spy on their citizens

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February 22, 2010

Tracy California Residends Will Now Have to Pay for 911 Services

Filed under: Asset Protection, California, Tracy, California, asset, asset Allocation, asset management — Tags: 911, Asset Protection, California, California asset protection, California Residents, Constitutionality, Hell, Medical Emergency, Options, Tort Action, Trackball, Tracy Ca, Tracy, California, Voluntary Fee — ShawnInOhio @ 7:11 AM

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Tracy, California residents will now have to pay every time they call 9-1-1 for a medical emergency.

But there are a couple of options. Residents can pay a $48 voluntary fee for the year which allows them to call 9-1-1 as many times as necessary.
Or, there’s the option of not signing up for the annual fee. Instead, they will be charged $300 if they make a call for help.

As far as we know this is the only City that has taken this type of approach anywhere in the Country.
I would have to contest the Constitutionality of this issue.

This sort of thing should be Illegal.
I bet we are going to be hearing about Legal Action’s being taken against the City.
If so this will be one hell of a Governmental Tort Action.

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February 21, 2010

Wage Garnishment As Effective Collection Tool: Attorney Expresses Contrary Opinion

Filed under: Asset Protection, Creditor Rights, Ford, Head Of Household, Wage Garnishment, asset, bankruptcy, garnishment — Tags: Asset Protection, collection, Creditor Rights, difficulty, disparaged-wage, every-contested, Experienced, garnishes-wages, garnishment, recession, Wage Garnishment, Wages, words — ShawnInOhio @ 11:30 PM

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There was a recent post about a conversation with a debt collection attorney concerning what he believed were, and were not, effective collection tools. I reported that this collection attorney did not find wage garnishment to be a good collection tool because wage garnishment often drove debtors into bankruptcy. I received different opinion from another experienced collection attorney, Mitchell Dinkin

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