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How To Become a Really Bad Bankruptcy Client And Maybe Even Get Prosecuted
Being or becoming a bad bankruptcy client usually has something to do with failing to provide adequate information to the attorney. Find out what NOT to do so you can be a good bankruptcy client.
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.
Strategic Filing: Chapter 11 Bankruptcy for Litigation Advantage?
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 may rule. Case Study Catherine, Jules, and Jim founded and each owned one-third of a […]
Location, Location, Location – How to Choose a Bankruptcy Venue
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.
Filing and Amending Claims in a Bankruptcy Case
The bankruptcy claims are more than just the amount a creditor is owed. Make sure you protect your claim by filing early and amending as needed.
Assess 3 Potential Preference Action Defenses
These 3 preference action defenses options involve a detailed analysis of historical business interactions and utilization of records to support your transactions.
You Sued and Won. Now What? How to Enforce a Judgment in Illinois and Turn It Into Cash
You just won a hard-fought trial and obtained a money judgment against a corporate defendant. But how do you go about enforcing a judgement? You may need a collection lawyer to navigate difficult judgment debtors.
Legacies of the Jevic Case: Structured Dismissals Five Years after the Fall
The Jevic case upheld the absolute priority rule, but it did not prohibit structured dismissals. How are structured dismissals affected post-Jevic?
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.
Solvent Debtor? A Chapter 11 Debtor Need Not Be Broke
A Solvent Debtor Can File for Bankruptcy…but Can They Survive a Motion for Dismissal? Suppose that your borrower or customer files for chapter 11 bankruptcy. You do not like this, because you’ll almost certainly not collect the full amount owed to you. In fact, to get anything at all, you’ll have to get involved with […]