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90-Second Lesson: Personal Chapter 7 Bankruptcy Petition, Are Single-Member LLC Assets Safe from the Trustee? By The DailyDAC Editors • January 2, 2023
LLCs protect individuals from company liabilities, but a Chapter 7 Bankruptcy Trustee can reach assets to satisfy individual obligations. 
Showdown in Spokane: The Spokane Country Club Bankruptcy Case By Adam D. Stein-Sapir • December 29, 2022
The Spokane Country Club bankruptcy case (SCC, the club, or the debtor) is an interesting study. The bankruptcy process was used to disrupt the collection efforts of plaintiff creditors who had been awarded a judgment and to negate the club’s…
90-Second Lesson: You Default on a Commercial Loan, What Happens Next? By The DailyDAC Editors • December 21, 2022
90-Second Lesson: You Default on a Commercial Loan, What Happens Next? QUESTION: Scott T,  emailed, asking, “I have a client who owns a few income-producing properties, and she thinks she may not be able to make her next mortgage payments…
Dealing with Corporate Distress 17: Focus on Assuming & Rejecting Executory Contracts & Unexpired Leases in Bankruptcy By Jonathan Friedland • December 20, 2022
Legal framework governing assumption, assignment, and rejection of executory contracts and unexpired leases in bankruptcy can be complicated.
When a Seller of Real Property Files for Bankruptcy Before Closing By The DailyDAC Editors • December 19, 2022
Purchaser’s Rights Under an Executory Contract Sven, of St. Paul related this sad but musical tale to us, which pertains to purchasing real estate where the seller files for bankruptcy before closing: You see, she and I entered into a…
Strategic Filing: Chapter 11 Bankruptcy for Litigation Advantage? By The DailyDAC Editors • December 14, 2022
It Depends on the Facts Debtors often use Chapter 11 bankruptcy for litigation advantages. Whether or not they succeed depends on the facts and circumstances of the individual bankruptcy case. The following sample case helps to illustrate how a court…
Dealing with Corporate Distress 16: Overview of Bankruptcy Code § 365 By Jonathan Friedland • December 12, 2022
In this installment, get an overview of Section 365 and understand how executory contracts can keep distressed businesses afloat.
Location, Location, Location – How to Choose a Bankruptcy Venue By Lawrence V. Gelber • December 8, 2022
What is a bankruptcy venue? A debtor should be considerate when selecting a venue to file for bankruptcy and know which eligible venues are best to file in.
90 Second Lesson: What is a “UCC Article 9” Sale? By The DailyDAC Editors • November 28, 2022
An Article 9 sale allows a creditor to sell its collateral to a third party in a private or public sale without the need for judicial proceedings.
Dealing with Corporate Distress 15: Digging into DIP Financing & Cash Collateral Motions in Bankruptcy By Jonathan Friedland • November 21, 2022
Will lenders loan to a company in bankruptcy? In this installment, uncover the many intricacies of DIP financing & cash collateral motions in bankruptcy.
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