Primarily; a court may see the transference of money as an attempt to circumvent the secured claims of your vendors that most likely exist, and such transfers could potentially be declared void.I'm sure there are other types of attorneys out there who have similar aversions to this kind of transaction policy, so I would recommend seeking legal counsel first, someone licensed in your own state.DISCLAIMER: Above for educational purposes alone.

Lender declared Foreclosure implementation and Sale for March 2012.

Thanks to our "get a deposit, collect payments, declare default, rinse and repeat" gurus and operators.I totally agree with the procedure of informing a borrower of the option to provide the DIL, provide a request they can present after default and then, acting on the borrower's request accept a DIL.

You may still be held liable for the deficiency.You may also need to declare bankruptcy, or what ever the equivalent would be in your country.

It's income that you yourself - assuming you're not running the business in a corporation that is its own tax subject - have to declare in your personal tax return.

How many times has an LLC owned by Trump declared bankruptcy? 

I assume they would declare bankruptcy on the new entity and close my friends store down.My questions for this situation are: 1.

Did the tenant give you notice of a "problem," time to cure, and advise you of her intentions to move out and declare a constructive eviction. 

Screening is essencial as we have a high number of "educated" tenants and professional tenants in the province.Do not rent to anyone on any form of government assistance, the rent is not guaranteed, they are the highest risk tenants in the province and you can not collect when they default, the government has declared them to be a protected species.Join a local landlord association.

Are there any neighbors you know who could tell you if lets say a 6 ft 5 inch heavily tattooed muscle bound color flying man showing up there with regularity?