The answer to what could convince a court to convert the Refco LLC Bankruptcy Case into Chapter 7 Bankruptcy could be located in Securities, Comedies, Contract, and Trusts Law. Thus, my argument before the Bankruptcy Court would be simple and straightforward. I would first argue that when I initially contracted with Refco to trade FOREX that a Trust was formed. The property in the Trust was never owned by Refco, but instead belonged to the Trust, which was holding it so that I could trade in the FOREX markets. In this argument I would cite supporting case law from various bankruptcy cases dealing with Commodities Brokers
The Journal Of Alternative And Complementary Medicine, 17(1), 1-2. doi:10.1089/acm.2011.0020 Lawson, R., Hatch, T., & Desroches, D. (2013). How corporate culture affects performance management. Strategic Finance, 94(7), 42-50. McNamara, K., & Watson, J. G. (2005). The development of a team-oriented structure in a small business enterprise.
"Federalists Versus Anti-Federalists." Net Industries. Web. 06 Jan. 2011. <http://law.jrank.org/pages/5603/Constitution-United-States-FEDERALISTS-VERSUS-ANTI-FEDERALISTS.html>.
Dawn, Lind, and Mike forming their business relationship under the label Colored Custom Sheets, CCS will encounter several issues regarding both tax and nontax issues which may differ across entity types. For example, when considering tax issues across entity types, if Dawn, Lind, and Mike elect to select the limited liability company, they will need to understand that by default all profit and loses are passed though the business to its owners. The owners are also required to report income and losses on their personal tax returns when selecting the limited liability company structure. This also holds truth for sole proprietor or partnerships. The taxation is considered to be the simplest form and can be filed for a variety of different classifications of tax on form 8832.
Accountingweb.com. Retrieved on September 8, 2014 from http://www.accountingweb.com/article/has-sox-been-successful/219796 Maleske, M. (2012). 8 ways SOX changed corporate governance: Experts weigh in on SOX 10 years after it became law. InsideCounsel.com. Retrieved on September 7, 2014 from http://www.insidecounsel.com/2012/01/01/8-ways-sox-changed-corporate-governance Sarbones-Oxley Act.
Bankruptcy and Reorganization – Case 39 MARK X COMPANY Mark X Company is in a precarious financial position – it is overextended, and unless the company can persuade its bank to continue present loans and also grant substantial additional credit, Mark X may well go under. The company’s 1992 yearend balance sheet is contained in Table 1. Before the bank will reach a decision on whether to continue supporting Mark X, Carolyn Mayo, the banker handling the Mark X account, must prepare a report for the bank’s Senior Loan Committee. The report must contain a complete bankruptcy analysis which sets forth the bank’s exposure in the event of liquidation. To begin her analysis, Mayo estimated what values the assets would have is Mark X were liquidated.
This helps the auditor by preventing those with minimal financial risk rushing to the courts to press a suit and having the advantage over the larger entity. 4-17 1) Identify how the Sarbanes-Oxley Act of 2002 changed the audit environment for auditors. The Sarbanes-Oxley Act of 2002 changed the audit environment for auditors by reducing the amount of services an auditor can offer a client. The SOX makes it illegal to perform the following services for an audit client: * Bookkeeping or recordkeeping services * Creation or use of financial information systems * Appraisal services * Actuarial services * Internal audit outsourcing services * Human resources or management tasks * Investment advising or investment banking services * Legal services * Expert
Association of Corporate Counsel (ACC) - The In-house Counsel Bar Association. Retrieved August 24, 2012, from http://www.acc.com/legalresources/quickcounsel/tawda.cfm Is the American with Disabilities Act (ADA) a good law? - ACLU - ProCon.org. (n.d.). ACLU.ProCon.org - Is the ACLU good for America?.
Correct Answer: d. ignore the Administrative Procedure Act to streamline proceedings. Question 4 1 out of 1 points Correct The Merit Systems Protection Board issues a rule. Like other administrative agencies' "legislative rules," this rule is as Answer Selected Answer: d. binding as a law passed by Congress. Correct Answer: d. binding as a law passed by Congress. Question 5 1 out of 1 points Correct The Internal Revenue Service (IRS) wants to seize certain documents of Mortgage Bank, Inc.
Wall Street Journal, pg. A.1, Retrieved August 16, 2008, from University of Phoenix Online Library, ProQuest Database, (Document ID: 1513933231). Nelson, T. P. (2008, Jul/Aug). Trends in subprime lending: Legislation, litigation, and enforcement on the rise. Business Law Today (17)6, 27.