by Jeff Folkersen | Mar 1, 2017 | Blog
You may know that if your customer files for bankruptcy, an automatic stay is enforced, preventing any form of collection activity. But did you know that a relief from automatic stay can allow collection efforts to resume? Though the automatic stay is indeed...
by Jeff Folkersen | Feb 27, 2017 | Blog
This feature originally appeared in the February 24th edition of the Pittsburgh Business Times. Q: I am considering forming a limited liability company but do not understand how the entity is governed. What are my options? Advice: There is remarkable flexibility...
by Jeff Folkersen | Feb 15, 2017 | Blog
One important effect of a debtor’s bankruptcy filing is the impact the bankruptcy filing has on unexpired leases, particularly for lessors. The rights and obligations of the lessors under the unexpired leases depend on a multitude of factors. These factors include,...
by Jeff Folkersen | Feb 8, 2017 | Blog
In plain language, a preference action is a lawsuit claiming that a bankruptcy debtor paid your company “preferentially” over other creditors prior to a bankruptcy filing. In a typical lawsuit, the plaintiff seeks to recover any money paid to your company in the 90...
by Jeff Folkersen | Jan 23, 2017 | Blog
When a business finds itself in debt, the attorneys at Bernstein-Burkley are here to help determine the best course of action. Our attorneys don’t believe in a one-size-fits-all approach, so we treat each client individually, ensuring a diligent and efficient analysis...
