Bankruptcy filings–especially big ones–are often like dominoes. Let’s say a large commercial project, like a shopping center, falls on hard times, and the developer files for bankruptcy. Even if the bankruptcy is a Chapter 11 reorganization, which means that the company may continue to operate, and even continue to develop the shopping center, the contractors [...]
November 2009
I recently read an article on simple things you can do to avoid bankruptcy. This article is probably one of the best examples of why you need to consult an experienced bankruptcy attorney before deciding whether or not to file for bankruptcy. Here are just two of the suggestions: SUGGESTION NO. 1: SELL YOUR BELONGINGS Well, [...]
Gift cards are the fastest-growing retail and restaurant product to come along in the last ten years. However, there are traps for the unwary consumer. In August 2010, a federal law will ban inactivity fees or monthly service charges on gift cards for the first year after purchase and will prohibit fees on gift cards [...]
As someone who represents both individuals and businesses in bankruptcy, I get lots of calls from potential clients saying that they want to file bankruptcy for their business. They are surprised when I tell them that it usually doesn’t make sense for the business to file, but that they probably will need to file personal [...]
