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Bankruptcy Petition

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

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 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

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 Chapter 11 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 […]


Bankruptcy venue

What is Venue, and When Is Venue Transfer Permissible in Bankruptcy Litigation?

A Panel Discussion on the Choice and Challenges of Bankruptcy Venue and Venue Transfers In bankruptcy litigation, the venue can have a major influence on an outcome. We selected expert panel members—each a partner or managing director in the restructuring industry—to discuss why venue fights occur and how business owners (and their advisors) should approach […]


Should you sign an involuntary bankruptcy petition?

90 Second Lesson: I’ve Been Asked to Sign an Involuntary Bankruptcy Petition. Should I?

The Advantages and Disadvantages of an Involuntary Petition   QUESTION: The credit manager of an Akron-based company asks: “One of our commercial accounts is pretty far behind in paying on our invoices. Another vendor approached me and asked me to join in signing an involuntary bankruptcy petition. Is there any legal risk in doing this?” […]


Collected money over time

Bankruptcy Considerations in a Collections Action

A Summary of Consumer Bankruptcy for Collecting Creditors Understanding what can occur during a collection action can be vital in determining which accounts to pursue. One common occurrence is that the debtor files for bankruptcy. So, what exactly is bankruptcy? Bankruptcy is a procedure that allows debtors to reorganize their debts and potentially liquidate certain […]


A rock climber looks over a precipice, symbolizing investors overcoming their fear of filing an involuntary bankruptcy petition

Getting Over the Scariness of Filing an Involuntary Bankruptcy Petition

The Notorious Case of the Involuntary Bankruptcy Mention involuntary bankruptcy to many in the credit industry and you often get a sharp response: no way. Decisions that awarded punitive damages to debtors have received broad attention. Trying to collect on a bad loan is tough enough. Why compound the struggle by giving the debtor the […]


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