Mia resides in a home that she owns in New York. New York has a homesteaad exemption of $170,825, which is higher than the federal homestead exemption. When Mia files for Chapter 7 bankruptcy relief in New York, the federal homestead exemption will apply. True False
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Mia resides in a home that she owns in New York. New York has a homesteaad exemption of $170,825, which is higher than the federal homestead exemption. When Mia files for Chapter 7 bankruptcy relief in New York, the federal homestead exemption will apply.
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- a debtor fails to appear at the Chapter 7 creditors' meeting, the court may refuse to grant the bankruptcy. True FalseWhile tax-exempt entities are indeed generally exempt from paying Federal income tax, they must operate in ways that guarantee that they remain in compliance with tax laws governing their tax-exempt status. List and explain steps tax-exempt entities must take to protect their tax-exempt status.The Townsend Acts O are anti-trust laws passed in the U.S. in the 1930's to limit monopoly power. O allow district attorneys the opportunity to plea bargain with accused criminals. O were British laws enacted in the 1760's that imposed taxes on products imported to the American colonies, leading (in part) to the Boston Tea Party. were enacted in the late 1800's to permit regulation of natural monopolies.
- How does the concept of constructive bailment arise and what are its implications in legal cases?When a corporation wishes to issue certain securities, it must provide sufficient information for an unsophisticated investor to evaluate the financial risk involved. Specifically, the law imposes liability for making a false statement or omission that is "material." What sort of information would an investor consider "material" pursuant to the Securities Exchange Act of 1934? Be sure to explain the Act and provide two recent case examples where material representation or omission amounted to securities fraud in violation of SEC Rule 10b-5.Hyde is a broker involved in a conflicting demands settlement procedure that has already begun. The escrow funds are held in an attorney's escrow account. Hyde seeks an EDO from the FREC. How will the FREC likely respond? The FREC will not issue an EDO because the funds are in an attorney's escrow account. The FREC will issue an EDO within ten business days. The FREC will issue an EDO if the other three settlement procedures don't work. The FREC will not issue an EDO because the dispute must be settled
- Please do not give solution in image formate thanku.matching setJanice's Juices, LLC is a single-member LLC that was created and began business on January 1, 2022. Due to an oversight, no S election (or other entity classification election) was made by the regular deadline to make an election for 2022. Assuming the business otherwise qualifies to request late S corporation election relief, it must file Form 2553 by which date?
- Pls help ASAPBefore proceeding with Chapter 7 bankrupcy, a debtor must complete a. credit counseling b. spending counseling c. community service d. a jail sentenceIf a director allows a company to continue to trade indefinitely and the company is placed into liquidation, what are the potential liabilities for a director and how are these determined by the Courts?