Dr. Scott W. Stewart DMD, PLLC is a dental practice that is located in Silverdale, Washington. Dr. Scott W. Stewart DMD, PLLC conducts operative dentistry, restorative care, general care, and cosmetic dentistry. This dental practice performs operative services such as fillings, extractions, root canals, and crowns. Their general care services include scaling and root planing, periodontal maintenance, oral hygiene instructions, night guards, sports guards, and emergency treatments. Dr. Scott W. Stewart DMD, PLLC conducts restorative care services such as partial dentures, complete dentures, bridges, and implant crowns.…
Harman had filed Chapter 7 bankruptcy after 1999 but before defaulting on the note and thus moved for summary judgment on grounds that McAfee’s claim against him had been discharged in the bankruptcy case. However, Harman had not listed the guaranty among the debts in the bankruptcy case. The legal issue being presented in this case is exceptions to dischargeable debts in…
In the “Blindsided by Bankruptcy” case study written by Clancy Martin, an owner of a chain of jewelry stores is on the verge of bankruptcy . The attorney says it is time to file Chapter Eleven. Chapter 11 is the legal allowance of business reorganization for the sake of the business’ solvency, liquidity, and future profitability . Then Rudolph Bultmann, the local Rolex rep, calls. He claims the owner need not worry about the five million already owed and that he would like to make a three million dollar deal right now.…
5.1 Liquidated Damages: • Due to the contract being sucked away in the aftermaths of Hurricane Llewelyn, it is unknown whether the contract had a liquidated damage clause. (2-718) • If it did, we would be required to determine if the liquidated damage clause caused a penalty or not on the breacher 5.2 Expectation • The goal of the expectation damage would be to put MJC where they would have been had NSH performed. To do that you must take the difference of the market price at the time when the buyer learned of the breach and contract price (8,000*12= 96,000) together with any incidental and consequential damages, but less expenses saved in consequence of the seller’s breach. (§2-713) 5.3 Specific Performance: • MJC has the right to demand…
If I were in Harry Lewis’s position, I would make the decision to file for bankruptcy for FSI. There are a couple of different reason I would choose bankruptcy, rather than taking the deal from the private investor. Some of those influencing factors include; the current problems the company is facing, investors, ethics, and the union. FSI is facing some big problems starting out the new quarter that affect the future of the company. One of the biggest problems the company was facing was their prior years’ loss of a $141 million from a bad investment in a coal mine.…
Hi Quinton, I like your point of view of the bankruptcy part. The court should never disqualify a person who filed a bankruptcy. Someone who filed bankruptcy doesn’t mean they are not trustable and reliable in the decedent’s view. The court should not judge someone’s relationship to the decedent based on a filed bankruptcy. If that’s the decedent’s wish, the court should have appointed if there is no other reason to disqualified.…
Even if the business went bankrupt, the owner wouldn’t lose personal property. This allowed more people to own…
The Dodd-Frank Act was a piece of legislature passed by the Obama administration in 2010. This act is formally known as the Dodd-Frank Act Wall Street Reform and Consumer Protection Act. This piece of legislature was a response to the financial crisis of 2008. The Dodd-Frank Act at the time of passing consisted of 2,307 pages, 16 titles and 540 sections of law. This piece of legislation was named after Senator Christopher J. Dodd and Representative Barney Frank who had endorsed this act.…
Bankruptcy is when you have no money or value at all. “In the United States, early federal bankruptcy laws were temporary responses to bad economic conditions. The first official bankruptcy law was in 1800 in response to land speculation, but it was repealed in 1803. Also in 1841, a second bankruptcy law was passed, but this law was quickly repealed in 1843. ” Bankruptcy is important because when a debt is removed as part of a bankruptcy process, we would then say that the debt is dismissed.…
U.S. v Salerno decided that was in fact no absolute right to bail. The issue brought up was the amount of bail set for Salerno after charges were brought up against him. The issue was the involvement of Salerno in organized crime and the bail amount that was set. He felt his 8th Amendment right to bail was being infringed upon and the case was brought to the Supreme Court. However, the Supreme Court ruled that excessive bail was not a condition of the 8th Amendment and that the need for "no bail" was not apparent in the initial writing of the Amendment.…
Robert Koch says, “Everything you want should be yours, the type of work you want, the relationships you need, the social mental anesthetic stimulation that will make you happy and fulfilled, the money you require for the lifestyle that is appropriate to you and any achievement or service to others. If you don’t aim for it all, you’ll never get it all. To aim for it requires that you know what you want.” This is in Chapter 11 : You Can Always Get What You Want. So the term, "go big or go home" fits perfectly for this quote by Robert.…
Q. Can I build credit after bankruptcy? If so, how long will it take to build my credit? A. Yes, you can build credit after bankruptcy.…
One major issue to do with the banking system and deregulation of the financial regulators was Lehman Brothers’ misrepresentation of financial statements caused by the freedom in shadow banking system. The examiners of the Lehman Brother’s bankruptcy stated that the company had been engaged in “accounting gimmicks” at the end of the years, decorating financial statements to make it seem healthy and strong when in fact the company’s financial situation was unstable (Valukas, 2010). In 2007 when the property market started to collapse with the skyrocketing number of defaults, Lehman began to suffer huge losses and billions of dollars of bad debts were forced to be written down in the books, which led to a downfall of its financial position. At…
Reflection Paper #2 During this week’s discussions the focus was on Chapter 3 “Philosophical Ethics and Business”. What I found Interesting was the ethics behind Jestgo Corporation bankruptcy case. In class we spent time on the different ethical theories that can be applied to this case, however, I wanted to look at the case profoundly and relate it to the ethical theories we were taught.…
Chapter 13 Case Study Response 1. What would you say? In speaking with Elizabeth, I would mention that the store is performing well and has been meeting expectations thus far. After being positive about the store’s performance I would lead into the issues I am having with the management there.…