In the commercial arena, bankruptcy has become a tool not infrequently used by business people. Be it an asset sale, a device to negotiate with the taxing authorities or a precursor to a recapitalization, the financial professional should be familiar with the options available under the Bankruptcy Code. Also, being aware of what may occur […]
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 […]
A client causes serious injury to another. That client’s insurance is insufficient to cover the damages that may be awarded against him. What may counsel for the under-insured client do without exposing himself to civil liability, violating criminal statutes or betraying the rules of professional responsibility? ARIZONA EXEMPTION LAW The initial issue is whether the […]
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