| Volume 132 Number 11 |
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The People’s Lawyer’s Tip of the Day
Although there are some legitimate contests, remember: there are a lot of scams. Here are a few ways to spot a prize scam: https://www.consumer.ftc.gov/blog/prize-scams-dont-pay-play?utm_source=govdelivery Click here for more.
Wells Fargo: Top Executives Won’t Get Cash Bonus for 2016
Wells Fargo CEO Tim Sloan and seven other top executives won't receive cash bonuses for 2016, the bank said today in its latest effort to stress corporate accountability following a scandal over millions of accounts unauthorized by customers. Along with forgoing cash bonuses, the top executives will see a 50% reduction in the performance share equity awards they received in 2014 and that vested last year. The move will produce a roughly $32 million aggregate cut in compensation.
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Your Money
9 ways to get free tax help from a human being: (1) Volunteer Income Tax Assistance (VITA); (2) Tax Counseling for the Elderly (TCE); (3) AARP Tax Foundation; (4) IRS Taxpayer Advocate Service; (5) Low-Income Taxpayer Clinics (LITCs); (6) IRS Taxpayer Assistance Centers; (7) Military OneSource; (8) The tax pro down the street; (9) Your tax software. Click here for more.
For the Lawyers
Changes in debtor’s financial condition allow modification of confirmed plan. The United States Bankruptcy Court for the Eastern District of Michigan recently allowed a debtor to modify his confirmed Chapter 13 plan based upon a mistake by the debtor’s counsel. The result of the modification was to reduce the plan to 36 months from 60 and reduce the repayment to unsecured creditors by 80 percent. In re Luman (Bankr. E.D. Mich. 2017). Click here for more.