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This case will be of major interest to commercial lenders, and other businesses, who prefer to use New York as their jurisdiction of choice for governing law and adjudicating disputes. [read post]
This case will be of major interest to commercial lenders, and other businesses, who prefer to use New York as their jurisdiction of choice for governing law and adjudicating disputes. [read post]
1 Nov 2019, 3:00 am by Jim Sedor
The payday lending industry, made up of businesses that make short-term loans to consumers at high interest rates, is awaiting new rules that could weaken Obama administration requirements. [read post]
14 Oct 2019, 11:02 am by IncNow
It shows your corporation or LLC meets statutory requirements (filed all reports and paid all fees) and is authorized to do business. 2. [read post]
10 Oct 2019, 12:43 pm by Alan S. Kaplinsky and Mark J. Levin
A group of small businesses and their individual owners have filed a putative class action lawsuit in a New York federal district court against online lender Kabbage, Inc. that alleges Kabbage engaged in a “rent-a-charter” scheme to make loans at interest rates that were usurious under state law. [read post]
4 Oct 2019, 9:21 am by MOTP
The loan agreement identified 5StarBank as the lender and no evidence established that the records of 5StarBank had become the business records of EduCap. [read post]
3 Oct 2019, 2:48 am by opadmin
Credit Card Fraud in Chapter 7 Bankruptcy While most credit card debt is dischargeable in a Chapter 7 bankruptcy, there are occasions when a judge may require a debtor to repay a lender. [read post]
18 Sep 2019, 10:16 am by Adam Levitin
  For student loans, the largest private student lender, SoFi, isn't even a bank. [read post]
18 Sep 2019, 8:28 am by schlangerlaw
In recognizing this problem, the courts have drawn a delicate balance by both enforcing legitimate business obligations and by protecting impoverished debtors from improvident transactions drawn by lenders and brought on by dire personal financial stress. [read post]
18 Sep 2019, 8:28 am by DanSchlanger
In recognizing this problem, the courts have drawn a delicate balance by both enforcing legitimate business obligations and by protecting impoverished debtors from improvident transactions drawn by lenders and brought on by dire personal financial stress. [read post]
17 Sep 2019, 9:57 pm by Pamela Avraham
 Note: It’s not unusual for lenders to require a small LLC’s owners to personally guarantee any business loans. [read post]
12 Sep 2019, 11:40 am by Jeremy T. Rosenblum
About two months after the loan was made, the Bank assigned the loan to World Business Lender, LLC (the “Assignee”). [read post]
26 Aug 2019, 3:44 am by Peter Mahler
It’s a question that frequently arises in business divorce cases involving LLCs that have no written operating agreement much less certificated membership interests. [read post]
23 Aug 2019, 3:00 am by Jim Sedor
National/Federal Cherokee Nation Sending First-Ever Delegate to Congress Newsweek – K Thor Jensen | Published: 8/20/2019 The Cherokee Nation is appointing its first delegate to Congress. [read post]
15 Aug 2019, 11:24 pm by MOTP
A guaranty helps fund a program because it encourages a lender to extend credit that may not otherwise be available. [read post]
1 Aug 2019, 11:58 am by Stephanie Abbott
Vision Property Management, LLC; the company’s CEO, Alex Szkaradek; and a number of other companies affiliated with Vision have been charged today for operating an illegal, deceptive, and unlicensed mortgage lending business in New York since at least 2011. [read post]
17 Jul 2019, 1:59 pm by Unknown
  1950 Logan paid Sedgwick a fee in exchange for development services, which included marketing, general coordination of construction of the development of the Project, and lender management. [read post]