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As you indicated that you are in CA, the CA State Bar (which is overseen by the California Supreme Court) you might consider in the future using the Bar's mandatory fee arbitration program to pursue a fee complaint. If you request fee arbitration the attorney is required to participate and the...

There is nothing in the facts the OP provided that indicates that the fees charged were excessive. If the attorney was representing the OP in litigation it wouldn't be all that unusual for fees to reach $20k or more.

That depends on what exactly the buyer is purchasing. If the buyer is buying the business entity as a whole (e.g. buying the share of a corporation) the debts will follow the business because the business entity is the debtor and a change in ownership of the entity doesn't change what the entity...

I've long wished for that too. When I first started as a tax lawyer I started buying the nice West hard bound version of the Internal Revenue Code (IRC). It started with two (rather thick) volumes. As Congress kept adding to the Code it was no longer feasible to keep making those two volumes...

Well put. The proposals I've seen would effectively make the mark to market (MTM) system that is now elective mandatory. The MTM system only applies to investment assets that are fairly liquid like stocks, bonds, etc. Personal residences, rental properties, personal property like cars, etc...

Right now the tax law is that a taxpayer may elect to be taxed on investments using mark to market, a method in which tax is computed each year on the gain or loss in those investments. So it's not impossible to do as a practical matter as it's already being done. You're right that making it...

That's a very state specific thing. It's possible that some state has trust laws have the unintended consequence of allowing this to happen because it lacks rules to allow the plantiff to prevent it. In my state a change of ownership would not require the foreclosure to start all over again...

It isn't the terms of the policy that are the problem with the Car Shield case anyway. It's how the company marketed its warranties that's the real problem. It evidently represented in their ads and in communications with prospective customers that the extended warranties covered a lot more than...

You apparently didn't pay much attention to how Covid started and spread. The virus originated in the Wuhan area of China. Not a very good staging place for a group wanting to hurt Americans or change American politics. The odds of it having exactly the desired political effect are really...

I doubt that. First, at the moment, the rumblings from the Trump camp suggest he'll skip the debate that is already scheduled. IMO a good choice because Trump isn't that good at live debates and debating a woman of color may be very challenging for Trump given his tendancy to mock or belittle...

How did it go from being a property held in LLC to a property owned by a trust? LLCs don't have trustees, but trusts do. Whether a change of trustees would matter in a foreclosure action on a mortgage is an issue of state law. In my state a switch of trustees wouldn't require the foreclosing...

Very interesting. Businesses setting their own pricing without government interference you think is not capitalism? It's the very essence of capitalism. To think otherwise is lunacy. It's when government gets involved in trying to regulate or limit pricing that problems occur. The government...

Gee, a Russian oligarch involved in criminal conspiracy. Color me surprised.

What in the world makes you connect dynamic pricing to Cuba and Venezuela? Dynamic pricing is a innovation of private business — capitalism. Those two countries are anything but capitalist. I thought you didn't like government regulation and favored the free market. If so, why would you be...

A default judgement can be obtained somewhat quickly so don't ignore any court summons you may receive. Even if the lawsuit is filed before the bankruptcy is filed the bankruptcy filing will suspend the lawsuit once you make the court aware of the bankruptcy filing, unless the creditor...

I like the guy's enthusiasm for it. It'd great if a supersonic passenger plane could check all the boxes that it needs to do to make it a profitable venture. That's going to be tall order. For transatlantic flights it will have to meet European enviromental regulations. It's pricing will have be...

Oh, political conventions are rarely entertaining these days. Since the start of the primary era few conventions have had any suprises or drama to keep people turned in.. Trump's convention was just as bad. Sure the diehard believers in both parties are thrilled to be at those things, but for...

You do know what a secret police force is like, right? The Soviet Union's KGB, Nazi Germany's Gestapo, East Germany's infamous Stasi, etc? When those organizations were at full strength citizens would disappear without a trace after taking position the government didn't like. If the family was...

What exactly in the BOA account agreement do you think the bank breached?

How do you conclude "they all hate each other" from a photo like that? In any event they don't have to like each other to be effective.