Commerce – Brain Ethics Sat, 18 Sep 2021 09:07:57 +0000 en-US hourly 1 Commerce – Brain Ethics 32 32 Retail shoppers were introduced to FLEXI NUTRITION during ECRM’s “Healthy Living, Vitamins and Nutrition Program” Wed, 07 Apr 2021 23:17:09 +0000

IRISH WHEY, FURY Ultimate Pre-Workout and FURY Extreme Pre-Workout Shot Supplements Expected Soon in the US

IRISH WHEY is made from sustainably grown, grass-fed and free-range Irish whey protein which is also gluten and GMO free. IRISH WHEY provides the perfect balance of essential and non-essential amino acids, including a high concentration of branched chain amino acids (BCAAs). It is the perfect nutritional component to complement your muscle growth, fat loss or fitness program. Good taste and mixability.

IRISH WHEY is made from sustainably grown, grass-fed and free-range Irish whey protein which is also gluten and GMO free. IRISH WHEY provides the perfect balance of essential and non-essential amino acids, including a high concentration of branched chain amino acids (BCAAs). It is the perfect nutritional component to complement your muscle growth, fat loss or fitness program. Good taste and mixability.
FURY Ultimate Pre-Workout Energizer is the most powerful, efficient and advanced pre-workout catalyst on the market.  It delivers prolonged explosive energy and intense focus without the crash associated with other pre-trainers.  The ingredients include high caffeine content, L-Tyrosine, beta-alanine, B vitamins, citrulline malate and arginine.  Good taste and mixability.

FURY Ultimate Pre-Workout Energizer is the most powerful, efficient and advanced pre-workout catalyst on the market. It delivers prolonged explosive energy and intense focus without the crash associated with other pre-trainers. The ingredients include high caffeine content, L-Tyrosine, beta-alanine, B vitamins, citrulline malate and arginine. Good taste and mixability.

FURY Ultimate Pre-Workout Energizer is the most powerful, efficient and advanced pre-workout catalyst on the market. It delivers prolonged explosive energy and intense focus without the crash associated with other pre-trainers. The ingredients include high caffeine content, L-Tyrosine, beta-alanine, B vitamins, citrulline malate and arginine. Good taste and mixability.

PALM BEACH, FL, April 05, 2021 (GLOBE NEWSWIRE) – FLEXI NUTRITION introduced its dietary supplements to buyers at large and small retail chains, such as CVS and Walgreens, last month ECRM program.

The private one-to-one virtual retailer-manufacturer meetings of IRISH WHEY, FURY Ultimate Pre-Workout and FURY Extreme Pre-Workout Shots were held last month as part of the Healthy Living, Vitamins & Nutrition program. From ECRM.

“Our representative promoted FLEXI NUTRITION to large and small retail chains in the United States,” said Shane Kennedy, CEO and Founder of FLEXI NUTRITION. “We pride ourselves on our high quality dietary supplements, which are considered the best sports nutrition products in Ireland.”

Kennedy said that FLEXI NUTRITION developed its dietary supplements to improve athletic performance, strength, and overall health and fitness.

“Our research and development team works with sports nutritionists and food scientists to develop high quality products for today’s athletes and health conscious consumers,” Kennedy added.

The three FLEXI NUTRITION products that made their debut at ECRM are:

  • IRISH WHEY is made from sustainably grown, grass-fed and free-range Irish whey protein which is also gluten and GMO free. IRISH WHEY provides the perfect balance of essential and non-essential amino acids, including a high concentration of branched chain amino acids (BCAAs). It is the perfect nutritional component to complement your muscle growth, fat loss or fitness program. Good taste and mixability.

  • FURY Extreme Pre-Workout Shot is a sugar-free on-the-go product that targets improving mental and cognitive functions for high performance during intense workouts. The ingredients include high caffeine content, L-Tyrosine, beta-alanine, B vitamins, citrulline malate and arginine. No mixing is necessary. Three great flavors.

  • FURY Ultimate Pre-Workout Energizer is the most powerful, efficient and advanced pre-workout catalyst on the market. It delivers prolonged explosive energy and intense focus without the crash associated with other pre-trainers. The ingredients include high caffeine content, L-Tyrosine, beta-alanine, B vitamins, citrulline malate and arginine. Good taste and mixability.

One of FLEXI NUTRITION’s best-loved products is its IRISH WHEY protein, which comes from sustainable free-range, grass-fed dairy products. IRISH WHEY contains an optimal blend of instant pure whey protein isolate and lactose-free, whey protein concentrate and hydrolyzed whey.

“IRISH WHEY beats all other brands in the market,” he said.

Kennedy said serious bodybuilders and athletes will benefit from FLEXI NUTRITION’s fast absorbing formulas, which include high levels of BCAAs, and the premium protein in his IRISH WHEY.

All products are manufactured in a certified Informed Sports facility, ensuring that the supplements have been tested for substances prohibited by the world-class sports and anti-doping laboratory, LGC.

“We take the development of world-class sports nutrition for serious athletes seriously, which is why we test every batch for banned substances,” Kennedy said. “Athletes don’t have to worry about testing positive for a banned substance with FLEXI NUTRITION supplements.”

FLEXI NUTRITION also uses sustainable manufacturing techniques for its Irish Whey Protein, while Fury and Fury Shot are vegan products. The company uses biodegradable packaging for its Fury Shot.

FLEXI NUTRITION food supplements are highly regarded in Ireland for their premium quality. In recent years, the company has received the Irish Business Summit ‘Best in Sports Nutrition’ award and has been a 2019 Irish Fitness Industry Awards ‘Best in Sports Nutrition’ finalist.

“We are honored that other organizations recognize our high quality products,” said Kennedy, adding that FLEXI NUTRITION supplements are safe and tasty.

For more information, please visit FLEXI NUTRITION in line.


CONTACT: Robert Grant FLEXI NUTRITION 561-421-3045
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The PPP program opens to all lenders Wed, 07 Apr 2021 23:17:07 +0000

After reopening the paycheck protection program to small lenders on Friday, the US Small Business Administration is now opening the program to all lenders. Lenders with less than $ 1 billion in assets were able to file first and second drawdown requests on Friday, according to information from the US SBA, but the online portal is now open to all participating PPP lenders.

Earlier last week, community financial institutions including community development financial institutions, minority depositories, certified development companies and microcredit intermediaries were granted access. Nearly 5,000 additional lenders – including community banks, credit unions and farm lending institutions – joined the list on Friday, with the SBA forecasting dedicated hours of service for small lenders with the portal fully opening today. ‘hui.

First-draw PPP loans are intended for businesses that did not receive a PPP loan by August 8, after the conclusion of the first round of the PPP that began in March, which has helped 5.2 million small businesses, the SBA said.

Second Draw PPP Loans are for qualifying small businesses with 300 or fewer employees who have received a first draw PPP loan and have used or used that loan amount as authorized. After fulfilling these conditions, businesses must also show a reduction of at least 25% in gross revenue between comparable quarters in 2019 and 2020. The maximum second-draw loan amount is $ 2 million.

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Funeral for slain Cleveland cop has been changed to Rocket Mortgage Field House Wed, 07 Apr 2021 23:17:04 +0000

CLEVELAND, Ohio – The funeral of the Cleveland Police Detective. James Skernivitz will now take place at the Rocket Mortgage FieldHouse instead of St. John the Evangelist’s Cathedral in downtown Cleveland.

Service start time remains at 10 a.m. Friday at the arena which is the home of the Cleveland Cavaliers.

Skernivitz, a 22-year-old police veteran, is survived by a wife and three children. Calling hours are 2 p.m. to 8 p.m. Thursday at A. Ripepi and Sons Funeral Home in Middleburg Heights.

JACK Entertainment spokesperson Aleksandra Breault said free parking will be available in the downtown casino parking lot on Ontario Street, just south of Prospect Avenue.

Skervinitz was working undercover Thursday with informant Scott Dingess. The two were sitting in the unmarked Skernivitz police car behind a mostly abandoned shopping mall on West 67th Place, near the intersection of West 65th Street and Storer Avenue.

Three people approached the car and opened fire, according to police and court records. Skernivitz and Dingess are dead.

Cleveland Police wrote in court records that they believed the shooting was part of an attempted robbery.

Skernivitz worked as an undercover detective in the department’s gang unit. Undercover agents wear civilian clothes, drive unmarked cars, and do not wear body cameras.

Three people – aged 18, 17 and 15 – are charged in connection with the shooting.

Read more about

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Ohio Governor Mike DeWine on Killed Cleveland Police Officer: “Spent Over Two Decades Protecting the Citizens of Ohio”

Two teens, man accused of shooting Cleveland police officer, informant

Two more people arrested for murder of Cleveland police officer, informant, sources say

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Nick Folk’s winning field goal pushes the Patriots past the Cardinals, 20-17, to keep New England’s slim playoff hopes alive Wed, 07 Apr 2021 23:17:02 +0000

Nick Folk’s 50-yard field goalie in a record time gave the Patriots a 20-17 victory over the Cardinals in a home and back game Sunday at Foxborough.

The winning kick came less than two minutes after Zane Gonzalez missed a 45-yard kick that would have given Arizona the lead.

Trailing 10-7, the Patriots’ defense stuffed Arizona’s Kenyan Drake in the fourth and scored a 1 in the final play of the first half. The stop gave New England some momentum ahead of the intermission.

The Patriots appeared to take the lead early in the second half. Gunner Olszewski returned a punt into the end zone as an Anfernee Jennings block cleared him for the final 24 yards. But the rookie was called in for an illegal block on Ezekiel Turner that drew criticism from the Patriots sideline and the FOX broadcast team.

The flag initially cost the Patriots 39 yards and ultimately cost them four points as New England settled for a 22-yard tie field goal by Folk that made it 10-10 with 7: 46 to play in the third quarter.

The terrain remained tilted towards New England. Three games later, Adam Butler got his hands on Murray’s third pass and Adrian Phillips intercepted the interception.

It took the Patriots three tries from the Cardinals’ 1-yard line to get into the end zone, but James White finished the drive on left ground that gave the Patriots a 17-10 lead with 3:30. to play in the third.

Drake stepped in to tie the game with 8:02 left in the fourth, tying the score at 17-17.

With 4:27 left in the fourth quarter and the game tied, Newton had another chance to lead a late lead and once again the Patriots quarterback failed to deliver. Dr. Kirkpatrick intercepted him at Arizona 40. But as the Cardinals killed plenty of clock, Gonzalez missed a 45-yard field goal with 1:47 to play, giving New England another shot.

Newton was 9 for 18 for 84 yards and two passing interceptions. Kyler Murray was 23-for-34 for 170 yards and one interception, while Drake had 78 yards and two touchdowns on 22 carries.

Things started off as badly as they could get for the Patriots. After receiving the ball to start the game, Newton was hit on the third try and the ball flew high in the air. When he finally fell, he settled into the thick mittens of Patriots 23 defensive lineman Markus Golden.

Three games later, Kenyan Drake scored with a meter to bring the score to 7-0, at 2:51 of the match.

Arizona extended their advantage to 10-0 with 1:49 left in the first quarter, but it was almost a moral victory for the New England defense as pressure on Murray delayed a once promising practice and forced the Cardinals to settle for a field goal.

Driven by a 55-yard kickoff return by the call of practice team Donte Moncrief, the Patriots offense came alive in the next practice. Bill Belichick bet on the fourth and the 2 on the Cardinals 7. Newton took the snap and rolled to the right. He gave the option throw to White, who ran for his first touchdown of the season to make it 10-7, 45 seconds into the second quarter.

The Patriots (5-6) head west to face the Los Angeles Chargers on Sunday.

Related content:

Patriots win lousy: 10 things we learned as Cardinals take Ferrari to a mud race

Patriots defense bottlenecks Kyler Murray in 20-17 win over Cardinals (6 over, 4 down)

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Brokers fear Covid loans will lead to drop in future SME lending Wed, 07 Apr 2021 23:16:59 +0000

Commercial brokers have expressed concern that traditional loans to small and medium-sized enterprises (SMEs) may decline significantly due to the volume of emergency loans granted.

The Allica Bank survey of commercial mortgage brokers found that more than eight in ten brokers (82%) said they saw a reduction in the financing supply from commercial lenders, more than half (56%). ) calling this important.

Read more: FSB warns that one million SMEs have been excluded from support measures

The majority of commercial mortgage brokers surveyed believe that banks and non-bank lenders are unlikely to be able to meet the future needs of SMEs for a range of essential financial products in 2021.

93% of these brokers fear the future of commercial mortgages, 86% are worried about unsecured loans, and 81% are worried about secured loans.

Read more: SMEs set to end up in debt of £ 173,000 thanks to coronavirus loans

Additionally, nearly three-quarters (70%) of brokers said they believe SMEs are likely to be underserved by banks and non-bank lenders for asset financing.

Nick Baker, head of intermediaries at Allica Bank, said the expected drop in lending would severely hamper companies’ efforts to recover from the pandemic.

Red plus: Reimbursed covid support should be used to help struggling small businesses

“The government’s lending initiatives have been a lifeline, but they have also limited the capacity of many lenders,” he said.

“This means they are unable to meet the more ‘traditional’ financing needs of companies not looking to alleviate Covid, such as those looking to expand.

“Companies like this will be at the heart of the UK’s economic recovery, and we need to make sure they have access to adequate financing now to drive long-term growth.”

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Rochelle Krebs ’09 JD Takes Advantage of Law School Loan Repayment Assistance Program to Build Public Service Career Years After Graduation | News | Law School Wed, 07 Apr 2021 23:16:58 +0000

For Rochelle Krebs ’09 JD, the path to a career in public interest law was not typical. It wasn’t until several years after graduating with her law degree from Notre Dame Law School that she began practicing full-time in civil legal aid, helping survivors of domestic violence in the region of Seattle. Now, she is qualified to use the law school’s Loan Repayment Assistance Program (PARL), which helps her pay off her student loans while she pursues a career in public interest law.

As a student, Krebs was interested in human rights law and was drawn to Notre Dame Law School by the opportunity to interact with the Klau Center for Civil and Human Rights. Krebs embarked on a career in public interest law and was honored as the 2009 recipient of the Conrad Kellenberg Award for community service while studying law.

During the winter break of her 1L year, she participated in Galilee, a unique immersion program in which Notre Dame law students meet with lawyers from government agencies and non-profit organizations to learn about on the legal challenges facing the poor and excluded. Krebs, originally from Washington state, competed in Seattle. She had the opportunity to meet with Washington Supreme Court Justice Mary Yu ’93 JD, who was then a trial judge in the King County Superior Court.

Krebs remembers Yu telling the Galilee group that there was a need for high quality family law attorneys. The judge said many parties in family law cases have to represent themselves.

“Back then I thought ‘I’m not going into family law’, and now I’ve ended up doing just that,” Krebs said.

However, this did not happen right away. After studying law, she and Jeffrey Caffee ’09 JD, whom she met at Notre Dame, returned to the Seattle area and started their family. There, Caffee began his career in litigation and eventually opened his own personal injury law firm, while Krebs stayed at home with their two sons. Always dedicated to serving the public interest, Krebs has provided over 1,500 volunteer hours to low-income immigrants and domestic violence survivors.

It wasn’t until 2017, more than eight years after graduating, that Krebs was employed full-time as a lawyer with the Eastside Legal Aid program. The non-profit organization provides free civil legal aid services to low-income residents of eastern King County, Wash., And low-income survivors of domestic violence throughout the county. by King. Krebs advises on a variety of family law matters relating to domestic violence, including representing clients in family violence protection order hearings, drafting parental protection plans and divorce petitions, and advising self-representing clients.

In addition, she provides practitioner training and sits on a Committee of Legal Aid Partners in conjunction with the King County Attorney’s Office which helps bridge the gap between civil legal aid services to make them more accessible. to survivors of domestic violence.

Krebs was aware of the law school’s loan repayment assistance program and knew that Notre Dame supported work-life balance, family values, and those who serve in nonprofit organizations. But in 2017, the LRAP program was limited to 10 years immediately following graduation. She wrote to her former legal clinic professor, Bob Jones, Associate Dean for Experiential Programs, about making RRAP available for a full 10 years to any graduate who has worked in qualifying public service work, little it doesn’t matter how long ago they graduated. The law school accepted and the program now supports alumni for the 10 years an eligible graduate works in the public interest, not just the 10 years immediately following graduation.

“It’s wonderful to have the LRAP program and I’m grateful for it,” Krebs said. “It’s a fantastic benefit and a great relief.”

By alleviating her concerns about her monthly student loan payment, LRAP helps Krebs focus on the important work she’s doing. “I ended up doing human rights law,” she said. “Everyone has the right to be free from harm and the right to be a safe parent. These are the two human rights.

She said most domestic violence survivors have ongoing legal needs that last for years. Protection orders need to be renewed and parenting plans need to be changed. Often, the abuser will have more financial resources and misuse the justice system, forcing survivors to return to court repeatedly to defend or enforce their protection orders.

Krebs plans to continue to guide her clients through the complex legal system and to continue to offer all possible help to the survivors she serves.

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Hundreds of museum advocates with members of Congress on Museum Advocacy Day 2021 – American Alliance of Museums Wed, 07 Apr 2021 23:16:56 +0000

For immediate release

ARLINGTON, Virginia– More than 600 museum advocates today urge Congress to support sustained funding for museums in crisis due to closures linked to the pandemic.

Hosted by the American Alliance of Museums (AAM), the thirteenth annual Museum Advocacy Day (and first-ever virtual) February 22-23 welcomes a record number of participants from all fifty states and Washington, DC. Advocates bring powerful research and stories to Congress about the economic, educational and community impact of museums at the local and national levels and how they are essential to the recovery of our country.

“The pandemic has awakened Congress and policymakers who have not always understood business models or the value of museums,” said Laura Lott, President and CEO of AAM. “While the museum sector has received record levels of federal government support over the past 12 months, the funding has provided only temporary relief. Recovering museums will take years and without a congressional-backed lifeline, I fear many museums will be lost forever. “

The Alliance reports the following figures which illustrate the importance of investing in museums:

All museum supporters are encouraged to defend from anywhere by sending letters to elected officials, engaging the local press and sharing messages via social networks using # museumsadvocacy2021.

Legislative requests

Museum advocates will urge Congress to support funding for museum programs from the Institute of Museum and Library Services and other agencies that help museums better serve their communities. To boost charitable giving, they will also urge Congress to adopt a universal charitable deduction allowing taxpayers to deduct their charitable contributions, whether itemized or not. They will also urge Congress to support increased funding and relax the eligibility requirements for Shuttered Venue Operators grants, formerly known as Save Our Stages.

In recent years, the collective efforts of museum advocates have not only defeated multiple and continuous attempts to eliminate the IMLS, NEA and NEH, they have fought for and secured increased funding for museum programs in the past. ‘IMLS, including an increase of $ 2 million this year, as well as as $ 5.25 million each increases, NEA and NEH in addition to the inclusion of museums in the protection program forgivable loans paychecks (PPP), other funding from the CARES Act, charitable donation provisions and grants for closed site operators (SVOG). During Museum Advocacy Day 2021, advocates encourage Congress’s tradition of strong bipartisan support for agencies that support the vital role museums play in society and communities, urban and rural, that they serve every day, across the country.

Congress Honorees

On Museums Advocacy Day, the Alliance will present awards to legislators who have demonstrated exemplary support for museums. This year’s winner is Senator Chuck Schumer (D-NY), a longtime champion of museums across the country.

Advocacy Leadership Award

During Museums Advocacy Day, the Alliance will present prizes to defenders who have shown exemplary leadership in their advocacy for the museum field:

Johnna McEntee, Executive Director of the Ohio Museums Association

Johnna McEntee has led the Ohio Museums Association (OMA) for the past several years focusing advocacy as essential and empowering OMA members to be effective advocates in Ohio and on Capitol Hill with this year marking the 10th Virtual Speak Up for Ohio Museums Day. The Ohio Museums Association is a strong supporter of Museums Advocacy Day, and Johnna is a dedicated activist whose work leads the strong Ohio delegation at this time and throughout the year. In 2020, Johnna and the OMA pledged to advocate and support Ohio museums in new ways to ensure state and federal lawmakers are aware of the impact of the pandemic on Ohio museums and beyond, quickly becoming a central source of pandemic-related information for Ohio museums and lawmakers. The Ohio Museums have a strong and invaluable voice thanks to the dedicated advocacy and leadership of Johnna and the OMA.

Celeste DeWald, Executive Director, California Association of Museums

Celeste DeWald has been the Executive Director of the California Association of Museums (CAM) since May 2004, championing museums and helping them become more relevant and effective organizations. She has served on the boards of the Coalition of State Museum Associations and CalNonprofits and has always prioritized museum advocacy in this ongoing work. Throughout 2020, Celeste has been a tireless advocate for museums to federal and state lawmakers. CAM communicated regularly with its members, board of directors, government relations committee, and legislative contacts at federal and state levels to advocate for museums, including several mail campaigns with the most recent available data and requests from the field. These important efforts have urged all California lawmakers to recognize the dire circumstances facing museums in California and beyond, and to include museums in the economic relief needed in the event of a pandemic. Additionally, Celeste has played a particularly important role in helping achieve Congressional leadership on legislation and issues affecting not only California museums, but all museums. Celeste and CAM are unprecedented in their support and advocacy for California museums and the museum cause.

About the American Alliance of Museums

The American Alliance of Museums has brought museums together since 1906, helping to develop standards and best practices, gathering and sharing knowledge, and advocating for issues of concern to the entire museum community. Representing more than 35,000 professionals and volunteers from museums, institutions and partner companies serving the museum sector, the Alliance represents the broad spectrum of the museum community. For more information visit


Media contact:

Natanya Khashan
Director, Marketing and Communications
American Alliance of Museums

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$ 1.5 million donation launches Collins Diversity scholarship Wed, 07 Apr 2021 23:16:53 +0000

Cornell Engineering established the Lance R. Collins Scholarship, created to support graduate engineering students from traditionally under-represented populations, and to honor Lance R. Collins, who for 10 years was Dean Joseph Silbert of the College of Engineering.

Alumni of Cornell Engineering raised $ 1.5 million to fund the scholarship. Board members from the College of Engineers were instrumental in the success of the effort, including Board Chair Elissa Sterry ’79, M.Eng. ’80.

“The Board is honored to have worked closely with Dean Collins in his tireless efforts to make Cornell Engineering a leader in diversity and inclusion,” said Sterry. “This fund will help to perpetuate its legacy. “

When his second five-year term as Dean of Cornell Engineering ended on June 30, Collins became the Senior Vice President and Executive Director of Virginia Tech’s new innovation campus.

Cornell’s first African-American dean, Collins prioritized the diversification of faculty and students at the College of Engineering. It more than doubled the proportion of undergraduates from underrepresented communities, from 8% to 19%, and increased the number of women enrolled in undergraduate studies from 33% to 50%, while maintaining rates of graduation and grade point average equal between genders.

For his work on diversity, Collins received the Inaugural Mosaic Medal of Distinction in 2017 from Cornell Mosaic – an alumni organization founded to increase engagement of alumni from all walks of life – and the Edward Bouchet Heritage Prize 2018 from Howard University and Yale University, which recognizes educators and advocates who promote diversity and inclusion.

“Cornell’s diversity efforts lead the nation,” said Collins, “and I’m incredibly proud that the former engineers have chosen this way to recognize my contribution to these efforts. I look forward to meeting fellows in the future and offering my services as a mentor to those who are interested. It is a legacy that I will cherish forever. “

In addition to his success in diversifying the college’s student body and faculty, Collins led one of the largest fundraisers in Cornell Engineering history and helped secure its two largest donations, which created the Nancy E. and Peter C. Meinig School of Biomedical Engineering and the Robert Frederick Smith School of Chemical and Biomolecular Engineering. Collins has also prioritized experiential learning within the college, launching the Engineering Leadership Program and developing new entrepreneurship initiatives, such as the Marketing Fellowship and Upgrading Awards. ‘scale and prototyping.

Jami Joyner, Director of Engineering Diversity Programs at Cornell, and José F. Martínez, Associate Dean for Diversity and Academic Affairs at Cornell Engineering, will play an important role in creating the qualification and application process for the Collins Scholarship. .

“The Collins Fellowship reaffirms Cornell’s founding principle of” … any person … any study “as it reinforces Cornell Engineering’s commitment to institutionalize access, inclusion and excellence in all STEM disciplines “said Joyner.

“This scholarship is a great way to culminate Lance’s 10-year effort to make Cornell Engineering one of the most diverse elite engineering schools in the country, Martínez said.” Lance R. Collins scholars will strengthen yet another outstanding cohort of Sloan, Colman, GEM and other engineering graduate fellows. “

Chris Dawson is a writer for the College of Engineering.

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Are personal loans taxable and considered income? | Personal finance Wed, 07 Apr 2021 23:16:51 +0000

Your personal loan is considered a debt. As long as you’re on your way to paying it off, you shouldn’t worry. However, if part of your loan is canceled, you may end up in a very different situation, which can turn out to be costly.

What happens if your personal loan is canceled?

If you are behind on payments or can’t pay your loan, you may be sent for collection and eventually default on your loan. If you work with a credit management agency or if you file for bankruptcy, you could set up a payment plan or part of your loan could be canceled.

In these cases, the lender issues a Debt Cancellation (COD) on the canceled amount. A COD means that you are no longer responsible for repaying your loan. You will receive a 1099-C form from your lender that you will need to submit with your tax return when you file and report the canceled amount.

Let’s say you borrow $ 10,000. You pay the first $ 5,000, but you face an unexpected financial problem that makes you unable to pay the last $ 5,000 of your principal. The lender can cancel the remainder of your loan, which is $ 5,000. What does this mean to you? Well, in tax season you will have to report the remaining $ 5,000 as income which means you will owe taxes on that amount.

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How do I transfer the mortgages on the properties my ex-wife owns after our divorce? – Boston Herald Wed, 07 Apr 2021 23:16:48 +0000

Q: As part of my recent divorce settlement, I signed deeds with my ex-wife for two rental properties. However, the mortgages are still in my name which makes me legally responsible for the properties. What’s the easiest way to legally transfer ownership and place the properties in your name?

– Paul

A: You already transferred the ownership of both properties to your ex-wife when you signed the deeds. Unfortunately, you are still hooked for mortgages.

You are in the unenviable position of owing money for properties you no longer own. Your ex-wife is now a homeowner, but if she doesn’t make the monthly mortgage payment, the lender will try to collect you.

When you take out a mortgage, you sign two contracts. The first is the “promissory note,” and it is your agreement to repay the money you borrowed. This document is the “loan”.

The other form is a “mortgage,” which places a lien on your property, allowing the lender to foreclose and sell the property, with the proceeds going towards your debt.

If you are unable to make your monthly payments or break any of the other terms of this arrangement, such as not keeping insurance on the property or paying property tax, your lender can sue you individually, seize the property or the two.

However, because you no longer own these properties, you do not receive the rent payments, and if your ex-wife decides to use the money for something else, the properties may eventually be foreclosed, but you will still be responsible for the loans. This will hurt your credit and leave you responsible for any difference between the amount owed on the loan and the value of the property.

Your mortgage lender was not part of your divorce and does not have to transfer the loan to your ex-wife just because she now owns the properties. While you can ask it to do this, it is highly unlikely that the bank would do better to have both the properties and your good credit as collateral to make sure it gets paid off.

Your situation is the reason many divorcing couples sell their investment properties if the spouse who receives the property cannot take out a new loan on their behalf. Depending on what your divorce decree says on this issue, you may need to go back to court to add appropriate protections.

Gary M. Singer is a Florida attorney and board certified as an expert in real estate law by the Florida Bar. He practices real estate, commercial litigation and contract law from his office in Sunrise, Florida. He is president of the real estate section of the Broward County Bar Association and co-host of the weekly radio show “Legal News and Review.” “He consults frequently on general Florida real estate issues and trends with various companies across the country. Send him questions online at or follow him on Twitter @GarySingerLaw.

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