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The State of Arizona remains largely dependent on agriculture and ranching, which is the second largest source of revenue for Arizona at over $10.3 billion. With more than 15,000 farms and ranches in the state and more than 94% of them family operated, it is likely that each of us knows someone who has been […]
In early August, former President Barack Obama signed a new law requiring the labeling of food that contains genetically modified organisms (“GMO”). It is estimated that 75-80% of food sold in the United States contains some type of GMO. We know the law had both bi-partisan support and bi-partisan opposition. We know the law preempts […]
In law school, we spent a day in class looking at advertisements that attorneys used to advertise their practices. There was a constant theme that attorneys painted themselves as people who would fight for their client: they were aggressive and they were bulldogs. All that was missing from these advertisements was the slogan “Only in […]
April 2016 MCR CAVEAT [flipbook id=”4″]
Many lenders and lessors require that the borrower (or lessee) provide someone to guarantee the obligations through one or more guaranties. The theory of this requirement is that an individual or entity with substantial net worth or assets beyond the business-entity debtor will make sure that there is performance on the underlying obligation. However, what […]
In any economic downturn, opportunities present themselves. One such opportunity is the purchase of foreclosed property. The amount of Trustee Sale Notices and properties sold at auction increased six-fold in Pima County between August 2006 and August 2010. Due diligence necessary to purchase foreclosed property generally requires obtaining some kind of title report to learn […]
Reorganization under the Bankruptcy Code is designed to rehabilitate a business, thus preserving its value which might otherwise be lost in a liquidation. Chapter 11 of the Code offers various benefits to the business considering reorganization, which does include certain costs. First, certain popular misconceptions should be clarified: There is no requirement of “insolvency” for […]
Isaac D. Rothschild is a shareholder who practices in the Bankruptcy Section of Mesch Clark Rothschild. Since joining MCR in 2009, Isaac has been active in the firm’s bankruptcy section, co-counsel in some of the largest reorganization cases in Arizona, as well as representing Trustees, secured insurance companies, and local banks in Chapter 7 and Chapter […]
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