“Congress must transform the rules for the worthlessness deduction,” Professor Schwidetzky claimed.
Collateral—only applies to secured loans. Collateral refers to a thing pledged as protection for repayment of the loan in case the borrower defaults
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If carried out effectively, the merger would have accounted for the fact that Mr. Trump had by now created off the entire price of the tower’s construction with his worthlessness deduction.
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That, he said, entitled him to an indefinite hold off in repaying his loans. Mr. Trump went as far as accountable the lender and its peers for “generating The present fiscal crisis.” He demanded $three billion in damages.
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