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Timbs v. Indiana, 139 S. Ct. 682 (2019) In Timbs v. Indiana, a unanimous Supreme Court held that the excessive fines clause of the Eighth Amendment applies to the states regarding criminal fines and civil forfeitures. The Court in Timbs did not establish a test to consider the Defendant’s ability to pay in determining whether […]
The new Small Business Reorganization Act is effective as of February 19, 2020. The intent of the new law is to create a streamlined, cost-efficient path for small businesses to successfully restructure. As of the Effective Date, the debt limit for a small business case is $2,725,625, which limits who may qualify. The may limit […]
On October 19, 2018, President Trump issued a Presidential Memorandum directing Federal Agencies to work together to reduce burdens on Western Water deliveries. The goal of the memorandum is to reduce regulatory burdens and improve water reliability. The Memorandum stated that it would benefit major water infrastructure projects. However, the focus of the memorandum was […]
Every five years Congress is tasked with passing a farm bill that sets the baseline for how agriculture will be treated within the federal government. In December of 2018, Congress did just that with bipartisan support. Below are a few highlights of the 800-page bill. Increased Crop Insurance Program The Price Loss Coverage (PLC) and […]
The current version of the Bankruptcy Code makes it cost prohibitive for small businesses to seek relief intended by a Chapter 11 bankruptcy reorganization. However, a bi-partisan effort has sought to make a reorganization possible for businesses with debt less than $2.5 million. The Small Business Reorganization Act of 2018 would make a Chapter 11 […]
For many farmers, commodity prices have not kept up with increasing costs whether that be Arizona’s increasing minimum wage, capitalization for efficient equipment or issues with water. However, many of those who have profited from the marijuana industry or have seen the profit from the marijuana industry see the next rush as the legalization of […]
Arizona voters passed a proposition imposing minimum wage increase. The increase has a unique impact on the Arizona agriculture industry. Many agriculture commodity prices have been stagnant for years as costs increased. The minimum wage law simply imposed another cost increase. Prior to January 2017, the Arizona minimum wage was $8.05 per hour. The proposition […]
In memory of Lowell Rothschild, honored attorney and founder of Mesch Clark & Rothschild, this tribute was written by his loving grandchildren, Isaac and Nathan Rothschild. The tribute can be found in Pima County Bar Association’s newsletter, The Writ.
Agricultural Lending Institutions are Consolidating Consolidation has been a trend in financial institutions for years, but no sector has experienced a greater amount of consolidation than banks in rural America. In the 1980’s there were approximately 15,000 community banks serving local communities – currently there are less than 5,000. Since 2010, mergers increased from 173 […]
An Overview of the Bankruptcy Ramifications for Debtors who are Beneficiaries or Trustees of a Trust with a Spendthrift Clause Prepared for the Tucson Tax Study Group – October 21 2016 By Isaac D. Rothschild1 and Elissa Harshman2 Spendthrift Clauses in Bankruptcy Federal law creates a bankruptcy estate, but it is state law that defines the […]
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