Tax Law

After resolving many other aspects of Detroit’s chapter 9 bankruptcy case, mediators addressing the disposition of claims from certain debt holders set the path for a trial in which the bankruptcy judge will assess the fairness of the negotiated plan. Last week both assemblies of Michigan’s Legislature approved necessary funding for that plan. Now mediators…

LLCs are companies authorized by New Mexico law which bear some of the characteristics of a corporation. An individual or group can create a LLC under New Mexico law and deem himself, herself or itself – in the event it is a corporation or association – as the sole member. This gives that individual the…

Homeowners in New Mexico who fail to pay the taxes on their real estate for a period of three years may lose their property at a tax sale. Section 7-38-48 (2003) provides that “taxes on real property are a lien against the real property from January 1 of the tax year for which the taxes…