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The Siegel Group, Inc. is a full service commercial real estate firm based in Las Vegas, Nevada and Studio City, California.It is a developer and operator of multi-family, extended stays, flexible stays, retail, hospitality, hotel-casinos, and land development.
It has been suggested that the speaker or writer should either say technical insolvency or actual insolvency in order to always be clear – where technical insolvency is a synonym for balance sheet insolvency, which means that its liabilities are greater than its assets, and actual insolvency is a synonym for the first definition of insolvency ...
Solvency vs. insolvency. Being “solvent” means you have more assets than liabilities. ... It often requires the involvement of lawyers and may result in court orders, judgments or decrees ...
In law, receivership is a situation in which an institution or enterprise is held by a receiver – a person "placed in the custodial responsibility for the property of others, including tangible and intangible assets and rights" – especially in cases where a company cannot meet its financial obligations and is said to be insolvent. [1]
A real estate attorney hired to simply review and edit a contract might be had for around $500 or so, she says. In the Atlanta market Ailion serves, an attorney’s fee typically ranges from $550 ...
A buyer who has entered into a contract with a seller who wants to back out should consult a real estate attorney. If the buyer wants to take the case to court, they may have grounds to sue the ...
Insolvency: A legal term meaning debtors are unable to pay their debts. Bankruptcy : A legal finding that imposes court supervision over the financial affairs of those who are insolvent or in default.
Working with an experienced real estate agent, and possibly a real estate attorney as well, can be crucial here. If you do need to back out of an accepted offer, be honest with the seller as soon ...
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