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When businesses file bankruptcy, bankruptcy courts issue automatic stays which essentially freeze all collections. Fortunately, creditors can petition the court to obtain relief from the automatic stay. Then a judge can grant relief to creditors, which enables them to...
Contingencies are a standard part of nearly every valid contract, including commercial real estate agreements. The reasons are pretty simple – they can address unnecessary risks and provide peace of mind to both sellers and buyers. When millions are on the line,...
Pets have become an essential part of most families in the United States. Most households own at least one pet, and it is not uncommon for people planning their estate to think about what will happen to their pet after they pass or when they can no longer care for it....
Despite doing their due diligence before entering an agreement with clients, employees and partners, businesses can find themselves involved in a dispute from time to time. They may accuse you of a breach of contract and subsequently take it further by filing a...
Mergers and acquisitions (M&A) deals offer many benefits, including more diversified business portfolios, increased business capacity, a larger market share, and access to new expertise and talent. Still, just as partners sometimes dissolve business partnerships,...
The troubled Bally Sports network filed Chapter 11 bankruptcy on March 14 in the U.S. Bankruptcy Court for the Southern District of Texas. This news was unsurprising after it first missed a $140 million payment on its $9-plus billion debt. The missed payment and...
Commercial real estate (CRE) investing is something that many look at when they diversify their portfolio. Typically involving large sums of money, it is common for investors to look at real estate investment trusts (REITs) or fractional ownership with a group. The...
Many parents, particularly those close to their adult children, feel inclined to rely on them and welcome their participation and input in their lives, especially with sensitive matters like estate planning. Some adult children appreciate this closeness with their...
No matter how carefully they construct their credit application, businesses will sometimes find that customers, contractors or business partners do not pay their bills on time. The debtor may explain to the creditor that they are behind because business is slow, they...
President Biden signed the Protecting American Intellectual Property Act (PAIP) into law in early 2023. Lawmakers drafted it to protect American businesses from theft by foreign entities. The law tasks the White House with notifying Congress of major foreign companies...