If fear exists than bravery exists, exercise your bravery muscles and you will either learn a ton or make money or both. 

If the lease ends July 31st, they should be declaring intentions by June 30th at the latest.

If you are interested in continuing to invest, you would be better off selling everything than declaring bankruptcy.

(These are the guys who signed the Declaration of Independencefor those of you who went to public school.) ;-)

If the government should do something totally crazy, which I'm sure they would never do, like declare a moratorium on mortgage payments or on evictions, that doesn't affect a Joint Venture and the Joint Venture project goes on as planned.

@Steven Thomas  Do you need to declare a major right away? 

It's interesting that some guy who made $3,000,000 didn't seek tax advice and didn't declare it on his taxes. 

I presume she declared all assets and debts and income.  

If a seller takes the deduction, they also need to declare the income as well, which they are to do in an installment contract, it may or may not be a wash, it depends on the interest charged by the seller that wraps the existing loan.

It's no different than someone declaring that Monopoly money is real, and everyone getting on the band wagon and start using it as if it were, trading with others that buy in.