Will You See Solar Panels in Your Neighborhood?
Will you see solar panels in your neighborhood? Maybe, or maybe not depending on whether there is a homeowners association and what the restrictions for your neighborhood say – but it may not matter for long. Pennsylvania State Representative Tom Houghton has recently indicated he intends to put forth legislation which would prohibit Homeowners …
RESPA Changes
Effective January 1, 2010 new HUD rules went into effect which require the settlement process for borrowers to be made more clear by the use of new forms. The Good Faith Estimate form and HUD-1 Settlement Statement required by the Real Estate Settlement Procedures Act (RESPA) has been revamped. Lenders, borrowers and title companies need …
Are You Paying Too Much in Real Estate Taxes?
By: John K. Fiorillo If you are a homeowner, please read my recent blog about real estate taxes and assessments. Contact John Fiorillo for more information.
Case Underscores The Importance Of Adhering To Business Formalities When Conducting Business – In Order To Avoid Personal Liability
Please see our blog on financial responsibility of the members of a closely held LLC. Please contact UTBF for more information.
Is Your Company Properly Paying Overtime to Its Employees?
By Brian D. Boreman Read our recently posted blog about the Fair Labor Standards Act.
Creditor of One Spouse Gets Joint Assets
By: William J. Burke Can the creditor of one spouse reach funds in the spouses’ joint account to satisfy the debt? A Delaware County Pennsylvania judge said “yes” in a recent case, Gross v. Laver. Although property jointly held by husband and wife as entireties property, including cash in joint bank accounts, cannot usually …
My Customer is Bankrupt and the Bankruptcy Trustee is Trying To Take My Money!
By: Transactional Department Are you a business owner who has had a client go through the bankruptcy process? Have you been sued by the Bankruptcy Trustee to return your money to the Trustee? For more information on your rights to recover your money from the Bankruptcy Trustee, read this article that is posted on …
Can you Protect your Claim in Bankruptcy?
By: Transactional Department Not all debts are dischargeable in bankruptcy. The key is to know which claims can be exempted from discharge and then what steps you, as a creditor, need to take to preserve your non-dischargeable claim. For a primer on the steps you should take, click here. For more information, please contact …
Business Name Registration
I often get asked by people starting up a new business venture whether they need to file for a fictitious name. In Pennsylvania, a fictitious name is the name you “do business as” or “trade as”. It is the business name you use with the public. If you are not intending to form a legal …
Piercing the Corporate Veil
By: Donald C. Turner To view a recent blog on how to protect your personal interest in a closely-held business entity, click here. for more information, please contact our office.