Case Analysis

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Student Loan Default Specter
June 17, 2013

Student Loan Default Specter

Students and former students who are at least 90 days late on student loan payments has jumped 3.2 percent in only two years, rising from 8.5 percent in 2011 to 11.7 percent today, according to the New York Federal Reserve, including loans in deferment or in grace periods and therefore…
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May 10, 2013

Royalty Financing

    By SCOTT AUSTIN, Wall Street Journal When first-time entrepreneur Philip Vaughn recently began searching for start-up capital, he traveled down two conventional paths. Mr. Vaughn, co-founder of travel-review aggregator Raveable.com in Kirkland, Wash., says he wasn't interested in forking over a large chunk of equity to venture capitalists or…
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Security Interests
April 4, 2013

PERFECTION OF INTERESTS

Perfection (law) From Wikipedia, the free encyclopedia In law, perfection relates to the additional steps required to be taken in relation to a security interest in order to make it effective against third parties and/or to retain its effectiveness in the event of default by the grantor of the security interest. Generally speaking, once…
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February 28, 2013

Social Entrepreneurship’s Momemtum

Social entrepreneurship has momentum. The social mindset is transforming a few small companies into forming collaborative and inclusive real communities, not just virtual communities. How? The activity of neighborly sharing of tools or kitchen utensils is as old as the cave dwellers. Now, think of apartment and condominium buildings where…
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Muni WiFi
January 30, 2013

Muni WiFi Project draft

Village of Glenwood Community Plan Social Responsibility and Sustainability Capital Project Municipal Communications for Village Services       Many municipalities are broke. Glenwood, Illinois, is a modest, solvent and well-managed town.   PART 1 Village of Glenwood profile   Population/demographic statistics: Glenwood is located 20 miles S of Chicago in…
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Biogas and MunisLand Banks for Troubled Property
November 25, 2012

Biogas + Grants + L3Cs = Possible Municipal Salvation

Biogas is a new name for an ancient product. For thousands of years, farmers and animal raisers have utilized their plant and animal waste in compost heaps and cesspools to produce cleaner fluids and nutrient rich solids. Through history, the by-product gas produced by such processes was allowed to dissipate…
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IRS Seizures
October 2, 2012

Trust fund recovery penalty, also called CIVPEN on a Federal Tax Lien, may be uncollectible

Internal Revenue Code Section 6672 authorizes the IRS to assess and to collect personally from the “responsible person” when employment taxes are not paid over to the IRS. A Revenue Officer conducts an interview on FORM 4180 to determine liability. The factors to make a “responsible person” finding include whether…
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Investment talkMunicipal BK
September 9, 2012

Can we save American capitalism? By Steven Pearlstein, Washington Post Published: August 31

  A dozen Labor Days — and three presidential elections — ago, the world was in the thrall of American-style capitalism. Not only had it vanquished communism, but it was widening its lead over Japan Inc. and European-style socialism. Today, that economic hegemony seems a distant memory. We have watched…
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L3Cs and Private Foundations
September 9, 2012

FORMATION OF L3Cs in ILLINOIS

Low-profit LLCs With the effectiveness of Public Act 96-126 on Jan. 1, 2010, low-profit limited liability companies, or L3Cs, have been introduced in Illinois. Among other changes, a new Section 1-26 was added to the Illinois Limited Liability Company Act. This new section reads: (805 ILCS 180/1-26) Sec. 1-26. Low-profit…
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Municipal/Local Government DebtRefunding Tax-Exempt Muni Bonds
August 28, 2012

Refunding Tax-Exempt Muni Bonds

Below is an example of the refunding of tax-exempt bonds issued by a unit of government. Generally, it’s the kind of refinancing we all like to do when interest rates decline and we can take advantage of interest rate savings after debt is issued. The example uses a State as obligor/issuer though,…
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