A Brief Introduction to Directors and Officers (D&O) Liability Insurance

One important part of doing business today is minimizing the level of risk that the company and employees are exposed to. One significant risk that companies overlook is having investors or other interested parties sue the directors or officers of the company, should its value go down. This is most commonly seen with very large companies when their stock price drops significantly, which is why about 95% of Fortune 500 companies hold insurance ...
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Don’t Lose Your Home! Fannie Mae & Freddie Mac Introduce Flex Loan Modification Program

The Home Affordable Modification Program (HAMP) has helped thousands of people who were having trouble making their mortgage payments avoid foreclosure, and get back on track. This program, however, has recently come to a conclusion, leaving many people at risk of foreclosure, even if they just needed a little help getting back on track. As of March 1st, 2017, however, a new program has been rolled out by both Fannie Mae and Freddie Mac. The ...
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4 Types of Debts that are NOT Discharged in Chapter 7 Bankruptcy

When going through bankruptcy you might expect to emerge on the other side without any debts. The fact is, however, that there are some types of debts that a Chapter 7 bankruptcy will not discharge. This means that you will still be responsible for repaying these debts, so understanding each of them before moving forward with the bankruptcy process is very important. Child or Spousal Support If you have been ordered by the court to pay ...
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Understanding the Difference Between Surety and Fiduciary Bonds

Surety bonds and fiduciary bonds are similar in what they do, which leads many people to get them confused or think that they are the same thing. The fact is, however, that they are not used for the same purpose and understanding the differences between the two can help ensure you seek the right ones for the right situations. Both bonds provide important protections to the individuals involved, but in very different ways. Take a moment to ...
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Florida Condo Law: An Introduction to the Interstate Land Sales Full Disclosure Act

The Interstate Land Sales Full Disclosure Act, or ILSA, was first enacted back in 1968, but due to a variety of revisions and amendments over the years, many condo owners and developers can be impacted by it today. The law was originally setup to protect out of state investors from purchasing a plot of land thinking it was very valuable, only to come out to inspect it after the purchase and find that it was of much lower quality than they were ...
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Understanding “Bad Faith” Claims

It is unfortunate when a customer is unhappy with how an insurance claim is handled, but there are times when they simply don’t meet the requirements to receive a payout, or the payout may be less than the customer expected. When this happens, some people will attempt to file a ‘Bad Faith’ lawsuit to try to get the money they feel they deserve, or as a ‘payback’ for not getting what they wanted from a claim. Bad faith cases need to be taken very ...
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4 Instances Where an Individual Can File for Chapter 11 Bankruptcy

Chapter 11 bankruptcy was originally set up to help businesses that are in financial trouble, but there are some cases where it can be used for individuals as well. It is important to note that in almost all instances, it is going to be better financially to choose either a Chapter 7 or a Chapter 13 bankruptcy if you qualify. When that is not possible, however, a Chapter 11 might be an effective alternative. Chapter 11 bankruptcy is somewhat ...
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5 Benefits of General Counsel Services for Construction Companies

Just about every companies can benefit from having a staff attorney, but most of them can’t really afford the expense of paying the salary. When this is the case, securing general counsel is the next best option. A general counsel is an attorney who is not an employee, but who is familiar with the company and used for most (or even all) of their legal needs. This can be done on retainer, or just on an as-needed basis. While most companies can ...
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Finding Another Way: 4 Alternatives to Foreclosure

Getting behind on your mortgage is sometimes easier than you might think due to unemployment or unforeseen expenses that pop up. If you’re worried that you might lose your home to foreclosure, remember there are many options available to help you get caught up. If getting current on your mortgage is beyond reach, one of several solutions might work for you. Let’s explore 4 alternatives to foreclosure and some of the potential side effects they ...
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How to Negotiate with the Bank on a Construction Project

Our nation’s current economic climate can make borrowing money difficult for many people, and unfortunately construction companies aren’t insulated from this challenge. When it comes time to secure funds for your next building project, consider that with a little careful negotiation, you might be able to save yourself and your company a substantial amount of money. Here are a few avenues to consider when talking with your bank:   Use ...
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