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Archive for November 8th, 2007

Challenge To The Constitutionality Of The New Bankruptcy Law »

The current bankruptcy law, which went into affect in October 2005, is being challenged based on its constitutionality in the 6th Circuit Court of Appeals. The basis of that attack is, in simple terms, that the law lacks uniformity, and therefore violates the Bankruptcy clause of the Constitution.
Article I, Section 8, paragraph 4 of [...]

Business Bankruptcy, Part 1 »

Your business is in trouble.
Customers/clients have dried up, and you can’t pay your bills (just ask some of my mortgage broker or Realtor clients). Or your rent payment and expenses went up, and you don’t have the cash flow to support their payment. Or your business partner took all the money in the bank account [...]