March 2013

BoltNagi Associate Steven K. Hardy was recently elected as the District 10 Representative to the American Bar Association Young Lawyers Division Executive Council at the quarterly meeting of the Virgin Islands Bar (VIBA).  Hardy currently serves as Chair of VIBA’s Bar Journal Committee, Co-Chair of VIBA’s Young Lawyer Committee and as VIBA Delegate to the ABA YLD Assembly.Continue Reading Virgin Islands Young Lawyer Elected to National Bar Office

Are you trying to avoid foreclosure?  Are you unable to maintan your home as you don’t qualify for a modification?  Are you unable to sell  you home?

A deed in lieu of foreclosure may offer you the solution.  A  deed in lieu of foreclosure or "DIL" is a way that a mortgagor (you the borrower) can voluntarily deed the property as collateral in exchange for a release from all of your mortgage’s obligations.  The Department of Housing and Urban Development (HUD) and many others lenders have strict qualifications and pre-requisites, so you want to make sure that a DIL applies to your situation.Continue Reading Facing Foreclosure? A Deed in Lieu May Offer Solution

Auto loans are the third largest source of outstanding household debt after mortgages and student loans.  Those loans should be administered fairly without discriminatory practices.

The Consumer Financial Protection Bureau (CFPB) recently gave notice to lenders that offer auto loans through dealerships that they are responsible for any unlawful or discriminatory pricing.  The CFPB reported that discriminatory markups in auto lending may result in tens of millions of dollars in consumer harm each year.Continue Reading CFPB to Crack Down on Disrcriminatory Car Loans

There is no guarantee that you will not be audited by the Virgin Islands Bureau of Internal Revenue (BIR), but there are four (4) simple steps that you can take to minimize your chances of being audited and, if you are audited, to minimize your chances of having to pay additional taxes, penalties and interest.Continue Reading Keeing the VI Bureau of Internal Revenue at Bay on Audits

BoltNagi Senior Associate and Virgin Islands Bar Association (VIBA) President-Elect Nycole A. Thompson attended this year’s ABA Bar Leadership Institute (BLI) in Chicago, March 13-15, 2013. Sponsored by the ABA Standing Committee on Bar Activities and Services and the Division for Bar Services, the ABA Bar Leadership Institute is the premier program for bar association leaders. The program features a variety of substantive courses in bar leadership and management and attracts Presidents, President-elects and Executive Directors of bar associations large and small from throughout the country.Continue Reading BoltNagi Attorney Attends ABA Bar Leadership Institute

The D.C. Circuit Court of Appeals recently decided that the recess appointments made by President Obama for openings on the National Labor Relations Board were unconstitutional. The President appointed Sharon Block, Terence F. Flynn, and Richard F. Griffin on January 4, 2012 pursuant to the authority granted to him by the Recess Appointments Clause of the Constitution.  This section of the Constitution allows the president to fill “vacancies that may happen during the Recess of the Senate.”Continue Reading Recess Appointment to NLRB Run Afoul of Constitutional Guidelines