Fraud Schemes Common in a Bankruptcy Proceeding
Bust-out Bust-out occurs when a company obtains goods from creditors and sells those goods for cash with the intention of never repaying them. Goods are ordered by [...]
Fraud Common in a Bankruptcy
Bankruptcy fraud ranges from the simple failure to list assets on bankruptcy schedules to the complex schemes such as bust outs, bleed outs and rent/equity skimming. Most [...]
Business Interruption and Business Interruption Insurance: An Overview
What is Business Interruption? And what is Business Interruption insurance? Perhaps you’ve heard the term “Business Interruption” and can get a general idea of the concept from [...]
“Who Gets What?” Splitting Assets in Texas Divorces; Part 4: Mixed Property
This is Part 4 of a blog series in which we are answering the common question “who gets what in the event of divorce?” and why. Deriving [...]
“Who Gets What?” Splitting Assets in Texas Divorces
In the following blog, we will continue to address one of the questions consistently asked during divorce: who gets what? Often, connecting with a financial expert to [...]
Tracing Preferential Payments
Preferential payments are a more subtle method of asset concealment and require training and diligence to trace. A preferential payment occurs if a debtor makes a payment [...]
Important Accounting Reports for Your Business
As all small business owners know, improving and expanding a company is hard work and involves time and dedication. It’s important to remember, though, that in addition [...]
Fraudulent Conveyance
In a bankruptcy proceeding, the trustee is allowed to set aside or “avoid” certain transfers of the debtor’s assets that unfairly place assets beyond the creditor’s reach. [...]
New Version of Form 941
The IRS has released the finalized version of the updated Form 941. The revised form is very similar to the draft that was released earlier this year, [...]