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A university professor on Thursday said she was “100 percent” certain that Brett Kavanaugh, President Donald Trump’s Supreme Court nominee, sexually assaulted her 36 years ago, telling a dramatic U.S. Senate hearing she feared he would rape and perhaps accidentally kill her.

Christine Blasey Ford, her voice sometimes cracking with emotion, appeared in public for the first time to detail her allegation against Kavanaugh, a conservative federal appeals court judge chosen for a lifetime job on the top U.S. court. He also faces allegations of sexual misconduct by two other women.

Kavanaugh was due to testify later in the day before the Judiciary Committee in a momentous hearing that could determine whether he will be confirmed by the Senate after a pitched political battle between Trump’s fellow Republicans and Democrats who oppose the nominee. Kavanaugh has denied the allegations by all three women.

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Most post-judgment enforcement remedies employed by creditors result in easily understood and predictable tax consequences to the parties involved. A charging order is different, however, because it peculiarly combines two remedies; namely, an involuntary lien (attachment) against the debtor’s interest in an LLC or partnership, and a non-wage garnishment of the income stream from that interest such that the creditor receives the distributional income and not the debtor. To add to the confusion, in the majority of states the charging order lien may be foreclosed by way of a judicial sale at which the creditor or a third-party may be the winning bidder. All of these actions may result in unforeseen tax consequences to the affected parties as the following article demonstrates.

Once a charging order has been entered, certain tax issues arise. As will be discussed, the treatment of these issues differs between the stage at which the charging order has simply been issued but prior to foreclosure (preforeclosure) and after the creditor’s charging order lien has been foreclosed upon by the creditor (post-foreclosure). Due to the fact that these issues may impact the creditor, the debtor, the entity itself, and the buyer at a judicial sale (who might not be the creditor), consideration of the effect upon these parties at each phase is likewise necessary.

Here, we must be reminded that a charging order is merely the legal vehicle by which a lien is placed by the creditor upon the debtor’s economic right to distributions from the entity. Foreclosure of a charging order correspondingly means that the creditor has liquidated its lien only in the debtor’s economic right to distributions, and whoever ends up owning that interest merely takes that right without more.

Continue reading “Charging Orders and Taxes: Some of the Answers May Surprise You”

Lawyers are pitching in to help the victims of Hurricane Florence.

The ABA Young Lawyers Division announced Wednesday that victims in South Carolina can call a hotline between 9 a.m. and 5 p.m. ET weekdays to get help from volunteer lawyers. The number is 1-877-797-2227, ext. 120, or 1-803-576-3815. Messages can be left after hours.

In North Carolina, victims can call a hotline during those same hours at 1-833-242-3549, according to a second press release.

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JPMorgan Chase & Co (JPM.N) is expanding the reach and funding of a group established to promote women working inside the bank to also help female clients, including entrepreneurs and individuals.

The bank said on Wednesday that it is backing the group with a full-time director and resources to promote savings by women and $10 billion of loans to women-owned businesses.

The group, which grew out of a networking and career advancement effort started in 2013, on Wednesday held its third annual “Leadership Day” by expanding the conference to 2,000 people at Radio City Music Hall from 300 employees in a room at JPMorgan headquarters.

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Bill Cosby was marched out of court in shackles on Tuesday after a judge branded him a “predator” and sentenced him to between three and 10 years in prison for sexual assault, capping the downfall of the once-beloved comedian known as “America’s Dad.”

Cosby, 81, was found guilty in April of three counts of aggravated indecent assault for the drugging and sexual assault of his one-time friend Andrea Constand, a former Temple University administrator, at his Philadelphia home in 2004.

He is the first celebrity to be convicted of sexual abuse since the start of the #MeToo movement, the national reckoning with misconduct that has brought down dozens of powerful men in entertainment, politics and other fields.

Continue reading “Bill Cosby, in cuffs, imprisoned for up to 10 years for sexual assault”