The case hinged on whether the canceled debt was recourse
or nonrecourse to the taxpayer, as the tax treatment of COD income can vary greatly.
In many criminal procedural legislations, the recourse
for the law's interest as an extraordinary means of attack has a special legal finality in the sense that if admitted, the cassation of the decisive criminal decision attacked is aimed to settle and indicate certain conducts within instances and by no means to retrial, as it is the case of the classic recourse
so to speak.
NAA/NMHC and a coalition of trade groups have filed a "friend of the court" brief in an important case pending before the Michigan Supreme Court that could have a chilling effect on conduit borrowers, including apartment firms, by converting non-recourse
loans into recourse
loans (Wells Fargo Bank, N.
The lender's recourse
is only to the mortgaged property, even if the lender suffers a deficiency after a sale of the property.
On one hand, you may seek recourse
by filing a complaint with the Attorney General's Office Bureau of Consumer Fraud in your state.
The revised rule addresses the risk-based capital treatment for recourse
obligations, residual interests (except credit-enhancing I/Os), direct-credit substitutes, and senior subordinated securities in asset securitizations that expose banking organizations (including bank holding companies) primarily to credit risk.
Worldwide commercial availability of strong covert security applications is fast becoming a necessity to ensure network security as unauthorized access by outsiders and insiders continues to rise," stated Frank Huerta, CEO and president of Recourse
How much income does a taxpayer realize if he or she is insolvent and a creditor forecloses on property secured by recourse
Your company could provide full recourse
to the lender.
While much of the media coverage regarding the future treatment of asset sales with recourse
has subsided, the issue has not lain dormant.
or nonrecourse) determines the transfer's tax consequences.
Do I have any legal recourse
against the department store, store clerk, or police department once I am proven innocent?