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JIM LO SCALZO / EPA $2.9 billion - Wilbur Ross - Secretary of Commerce Dubbed the "king of bankruptcy." Restructured failed companies in steel, coal, and telecommunications using leveraged buyouts. Wilbur Ross, President-elect Donald Trump's choice for Commerce Secretary. Drew Angerer / Getty Images $1.16 billion (with husband) - Linda McMahon, head of Small Business Administration Co-founder of the pro-wrestling company World Wrestling Entertainment (WWE), which she owns with her husband, Vince McMahon. His net worth is estimated to be $1.16 billion, according to Forbes . The magazine reported that Linda McMahon owns $84 million in the company's stock. She previously attempted to enter politics when she ran for the U.S. Senate in Connecticut in 2010 and 2012, pouring close to $100 million into the campaigns. Linda McMahon, former CEO of World Wrestling Entertainment, speaks to reporters at Trump Tower, Nov. 30, in New York City. Drew Angerer / Getty Images $46 million - Steven Mnuchin - Secretary of the Treasury Worked 17 years at Goldman Sachs.

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Also, in canse of foreclosures, house owners basically end up selling their homes out of desperation. Double Taxation: Double taxation is taxation of the same property for the same purpose twice in a year, or taxation of corporate dividends twice. Deed: A deed is a instrument in written form, executed in the manner specified by some person or corporation named in the instrument, wherein it expresses that the person or corporation so named makes, concurs, confirms or consents to some assurance of some interest in property, or of some legal or equitLable title, right or claim or undertakes some obligation, duty or agreement enforceable at law, or in equity, or does or concurs in some other act affecting the legal relationship or position of a party to the instruments, or of some other person or corporation. This kind of foreclosure is usually a very long and expensive process, and the lender can only recover the principle loan amount. Whichever option you may choose, it is always better to communicate with your creditor. On 22nd of August, I was expected to make a payment as an installation for the auto loan that I had borrowed mention the scheme or code of the loan if any. When you ask for a loan workout or a loan modification process, the lender will ask for a hardship letter. Tenants can vacate a rented premises any time they want. Hence, unlike an ordinary sale of property, one will have to undertake the filings of many documents and closing rights. Constitution: This legal term refers to the fundamental law of a state or a nation. Common Law: A legal system developed in Britain through the centuries. Here, we also identify the inherent... If the ownership of a property is yet to be ascertained, it is said to be in abeyance. The marriage is void ab initio, means that the marriage was not valid from the beginning itself.

Murder: One of the most serious crimes, murder can be defined as the intentional and unlawful killing of one person by another, without any legal justification or provocation. Availing mortgage loans after bankruptcy is contingent on the borrower having built good credit scores following a bankruptcy discharge. Citation: An order issued by a court to a person to appear before it to answer the charges or to do a certain thing. Another instance where a quit claim deed is made, is sale of residential property. The attempt to commit a crime in itself is a criminal offence. Family: Family includes a group of persons related by blood, marriage or adoption, who live together under common household authority.