In Nebraska, the age of majority is 19 years, but an individual in Nebraska has many legal rights and responsibilities when they reach the age 18. Under Nebraska law, persons of all ages may have a bank account. However, individual
The Banker’s Suit
The Banker’s Suit, published by Goosmann Law Firm, covers legal issues related to banking and finance, bankruptcy and restructuring, and business law. The blog addresses topics such as bank accounts for minors, consumer credit trends like buy now, pay later, amendments to bankruptcy procedures, and eligibility criteria for bankruptcy filings. It also discusses legal considerations in financial transactions, regulatory oversight, and dispute resolution in commercial contexts. The content is aimed at business leaders, entrepreneurs, and individuals navigating financial and legal challenges, providing insights into contract responsibilities, consumer protection, and bankruptcy law developments.
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Latest from The Banker’s Suit
2021 Amendments To The Federal Rules of Bankruptcy Procedure
Debtor’s Post-Petition / Pre-Confirmation Gambling Losses Did Not Rise To Level of “Gross Mismanagement”
Gambling wins/losses sometimes provide for entertaining reading when combined with the Bankruptcy Code. Recently, the Kansas Bankruptcy Court considered a Small Business Reorganization Act/Subchapter V Debtor’s use of funds to gamble during the pendency of a Subchapter V case.[1]…
Liquidating Business Assets Qualifies as Engaging in Commercial or Business Activities for Purposes of Subchapter V Eligibility
Definition Of “Engaged In Business” Includes Liquidation Under Subchapter V
Safe Harbor For Lenders-A Limited Content Message Under the New FDCPA
U.S. Bankruptcy Court for the District of Delaware Rejects “Implied Assumption” of Executory Contracts
Sioux City and Sioux Falls Mall Owner Files for Chapter 11 Bankruptcy
U.S. Treasury Proposes Cryptocurrency Reporting Requirements Aimed at Closing the Tax Gap
The U.S. Treasury Department announced on May 20, 2021 a proposal as part of President Biden’s American Families Plan, that would require any cryptocurrency transaction of $10,000 or more to be reported to the Internal Review Service (“IRS”)[1].…