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90 Second Lessons
90 Second Lesson: Why Would a Debtor Choose to Liquidate Under Chapter 11?
There may be many business reasons and benefits for a debtor who chooses to liquidate under Chapter 11 rather than Chapter 7.
90 Second Lesson: What is a state law receivership?
What is a state law receivership? Understand the difference between state law receiverships and federal bankruptcy law, and what opportunities can come from receiverships.
90-Second Lesson: Can a Borrower File for Bankruptcy to Stop Foreclosure?
Explore whether a debtor can file chapter 11 reorganization bankruptcy to evade a court-ordered receivership.
90-Second Lesson: Personal Chapter 7 Bankruptcy Petition, Are Single-Member LLC Assets Safe from the Trustee?
LLCs protect individuals from company liabilities, but a Chapter 7 Bankruptcy Trustee can reach assets to satisfy individual obligations.
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 to her lender. What should I tell her to expect?” ANSWER: Once a default on a commercial loan is looming or occurs, a proactive mortgage lender […]
90 Second Lesson: What is a “UCC Article 9” Sale?
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.
90 Second Lesson: How a Licensee is Treated in the Bankruptcy of its Licensor
A reader named Harvey M. wrote in to ask this question: my business licenses certain intellectual property from another company. I am concerned that that company, which we can call “Licensor,” may file for bankruptcy. What will happen to our license if Licensor indeed files?
90 Second Lesson: Early Warning Signs of a Troubled Loan
Considering making a secured loan? The DailyDac Editors give key insight to becoming a secured creditor, and what to identify about distressed borrowers.
90 Second Lessons: Working for a Struggling Business: Can this Car Be Turned Around?
Is the company that you work for struggling? Find out what this means for an employee who is working for a struggling business that may file for bankruptcy.
90 Second Lessons: Nothing in Life is Certain but Death and Taxes: Cancellation of Debt Income
Editor’s Note: this is part of our irregular series in which we answer readers’ questions. If you have a question, submit it to [email protected] and we will try to answer it. Question Robin T. wrote in asking, I own a small retail chain that has been struggling. I hired a lawyer to negotiate with my creditors, and […]