Under the Kentucky and Ohio statutes governing wage garnishments, an order of garnishment received by an employer creates a lien on all disposable and nonexempt earnings earned by the specific employee at the time the employer is served with the order of garnishment. It is very important for an employer to respond to a wage garnishment order in a timely fashion.
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The number of individuals filing bankruptcy has increased significantly during the recent economic downturn. The National Bankruptcy Research Center reported a 32% increase in personal bankruptcy filings from 2008 to 2009, and that increase was followed by a 9% swell in personal bankruptcy filings from 2009 to 2010.
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In today’s economy, companies are more frequently faced with a dilemma over the best way to handle collection of outstanding account receivables. Obtaining a court judgment against an individual or company can significantly increase a company’s likelihood of recovery on delinquent accounts.
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Unless your company operates on a strictly cash basis, you have accounts receivable. What most companies do not understand is the extent to which they can affect the collection of those accounts receivable, beginning with the first contact with a prospective customer. This is especially important now for smaller construction businesses that are struggling to
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For some, it’s, ‘What, me worry?’ As recession fills many companies with worry, others realize how many opportunities it could present them Business Courier of Cincinnati – by Jon Newberry, Staff Reporter The fear of a deep and prolonged recession might be casting dark shadows on Wall Street, but Dave Dillon sees the bright light
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In 2009, tax-exempt organizations will have a new Form 990 to complete for tax year 2008 and subsequent tax years. Many tax-exempt organizations already file a yearly informational tax return with the Internal Revenue Service (IRS) to maintain their tax-exempt status. The informational return is the Form 990. Form 990 has not been substantially revised
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Unless your company operates on a strictly cash basis, you have accounts receivable. What most companies do not understand is the extent to which they can affect the collectability of those accounts receivable, beginning with the first contact with a prospective customer. If you extend credit to customers, the credit application process is critical to
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Small business owners have frequently sought legal advice on charging 2% per month interest on unpaid accounts. A recent local case provides a lesson on the always murky question of what is usury. Usury is defined as “an excessive rate of interest,” and what is excessive varies with time, place and parties to the agreement.
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Whether purchasing a first home, a dream home, investment property or new office space, numerous questions and expenses arise which can make acquiring real estate an incredibly frustrating event. Often, the process of shopping for an interest rate, completing the endless loan application, negotiating the purchase contract, preparing to move and finally closing the deal
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