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Donald Trump and Bankruptcy

Historically in the United States, bankruptcy is a term that has carried an extremely negative connotation.  Those who file for bankruptcy protection are seen, mostly by themselves, as failures who could not meet their monthly obligations.  Unfortunately, this is almost always an inaccurate way to think about and approach bankruptcy, as you’ll see below.
Donald Trump
When people think of successful businessmen in the United States, many will either immediately or quickly think of Donald Trump.  He’s long been famous for his aggressive business tactics and his willingness to make the ‘big deal’ that makes a huge splash with the media.  Most of Trump’s success has been within the real estate field, but as anyone who’s been paying attention in recent months understands, the real estate market is in dire straits.
When a market-wide crash occurs as it is right now, no one is exempt from its effects.  That includes Donald Trump, whose real estate company has also fallen on hard times given the dropping values of land and property, the extreme difficulty with obtaining competitive financing and the lack of ability to sell property at a price that presents a profit to the seller.
As a result, Trump’s real estate company recently filed for bankruptcy.  Since it was technically a corporate bankruptcy petition, filed under Chapter 11 of the United States Bankruptcy Code, Trump’s individual assets are not at risk.  However, his company must now be reorganized under the tenets of bankruptcy law and it must meet all the criteria set out by the court in order for the reorganization to be accepted and to ultimately be successful in getting the company back on its feet.
Not the First Time
Additionally, this latest filing for bankruptcy protection is not the first time one of Trump’s development companies has sought bankruptcy protection.  Trump’s company also filed for bankruptcy protection in 1991 during the previous American recession and for many of the same reasons – his company owed too much money and his assets could not be sold to the point where the company could meet its obligations.
Lessons Learned
What anyone should take from this brief bit of history is that anyone can fall into hard times financially and because of circumstances beyond his or her control.  Those who may be struggling should also understand that bankruptcy is not an end, but rather a beginning anew, as Trump has already proven.…

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An Immigration Adviser Has Been Spared Jail Sentence After he Offered Services Post Cancellation

Muhammed Shakoori, 61, was fined 500 in June 2010 for running an immigration business illegally from his home in Rusholme.

His license was revoked in October 2009 but he continued to work as an adviser. The father wrote two letters charging 700 and offering services to a Jamaican national, Alphonso Bartley, who had been refused a visa to remain in Britain.

The first was penned in November 2009, just a month after Shakoori’s licence had been removed, and the other in 2010, just three months after he had been convicted of two immigration offences.

The court heard that Shakoori had advised Mr Bartley to seek a judicial review over the refusal to allow him to remain in Britain.

Shakoori, of Dickenson Road, pleaded not guilty to providing immigration services when not qualified to do so but a jury convicted him following a trial. He was acquitted of a second count of providing immigration advice when not qualified to do so.

He was given a six month suspended prison sentence at Manchester Crown Court. The Recorder Suzanne Goddard QC told him that he was notified about his license being cancelled on October 14, 2009 and the first letter that he wrote to a client after the date of cancellation of his registration was well within the knowledge that he could not represent any client.

The second letter in issue which was written on September 27, 2010 was actually past his conviction before the crown court and by which time he should have known that he could not engage in these activities for sure in any shape or form.

The court heard that during the investigation when two immigration officers went to his premises at Dickenson Road he was seen gathering up documents inside the premises after the doorbell had been pressed and putting them into a briefcase and taking it upstairs and then lying that he didn’t have a briefcase.

When the officers tried to gather the items together to try to take them away he had snatched that bundle off her and actively tried to stop those two officers from carrying out their duties of executing the search warrant at his premises.

She cautioned him from carrying out any immigration services at all whether paid or unpaid saying that he would be brought back to court and he would face prison sentence.

An electronically-monitored curfew was also imposed on Shakoori for 28 days, during which time he must remain inside his home in Rusholme between 7pm and 7am.

He was also ordered to pay 250 compensation to Mr Bartley and 500 towards prosecution costs.

He said he may take his case to the European Court of Human Rights.…

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Essential Questions To Ask Your Divorce Attorney

Legal affairs are complicated, no matter what they are. You should hire a good attorney to make everything go much more smoothly. Locating the best lawyer to represent you can significantly impact your chances of winning your case. Thankfully, this article contains excellent advice on doing this.

You really do not want to pick the first lawyer you come across. Be sure to research thoroughly, because lots can be at stake. Ask others, and find out the things you want to know about lawyers.

If you are approached by a lawyer, do not hire them. Usually this is a person that wants to scam you, especially if your case involves you paying a lot of cash. Do your due diligence and hire the best lawyer on your terms.

What is your problem? The first thing to do is think about whether you really need a lawyer or not. You ought to have representation if you are faced with criminal charges, a divorce case or complicated civil litigation. Even if none of these apply to you, you may need expert legal advice if the matter involves a complex business transaction or large sums of money.

If your lawyer tells you something, listen, but know you don’t have to act on it. If you’re not comfortable with certain things, tell them so. This way, your lawyer will know exactly what you desire.

Don’t give a retainer over without great forethought. If they state that they will not work with you otherwise, discuss the terms and conditions surrounding the retainer. You also need to check with others, because there are attorneys that will charge you a small retainer, charging you later for anything additional.

Only hire a lawyer you can trust. This is especially important when retaining an attorney for financial matters. Many lawyers try to ask for blank checks and large retainers. You must be able to trust them with your wallet. Keep your guard up at all times.

Try using lawyer referral services. These types of services can aid you in locating a good lawyer. They will vary in quality since some will screen lawyers and just list those with certain qualifications and certain amounts of experience. Other services will list any attorney that passes the state bar and who carries liability insurance. Find out what qualifications are necessary on any site you consider.

When working in cooperation with a lawyer, you must communicate clearly and completely. When a deadline looms, give your attorney everything and anything that is needed. Your cooperation will facilitate your case.

If you feel, at any time, that you are not getting what you need and expect from your lawyer, you may want to seek out the services of a different attorney. It might not be feasible to switch lawyers because that can be very expensive. A second opinion is a good idea before making any decisions.

At this point, hopefully you’ve got a good handle on how to deal with the upcoming proceedings. Take a step in the right direction and find yourself a qualified lawyer. Having a great lawyer can make all the difference.…