by Jeff Folkersen | Mar 20, 2009 | Blog
Count me amongst the people that were shocked by the AIG bonuses that came to light earlier this week. Having practiced in corporate bankruptcy for the past several years, it never fails to surprise me that so many struggling companies make large...
by Jeff Folkersen | Feb 11, 2009 | Blog
The logic behind Pennsylvania’s arcane wage attachment law escapes me. I cannot figure out why the Commonwealth wants to protect debtors at the expense of legitimate creditors. What are the drawbacks to adopting more liberal wage attachment laws? Who does it hurt?...
by Jeff Folkersen | Jan 8, 2009 | Blog
Seems like the economic news is still bad every day, but most people appear resigned or resolved. Many people believe the worst is not here yet, but we are close. How you approach the daily news is a question of attitude. With “resignation” (as in,...
by Jeff Folkersen | Dec 1, 2008 | Blog
(Submitted to the Post-Gazette in response to a recent article) First the disclaimer: I am a bankruptcy and creditors’ rights lawyer. I generally represent vendors, lenders and creditors. I have also helped a few companies reorganize in Chapter 11 bankruptcy....
by Jeff Folkersen | Nov 23, 2008 | Blog
Just What is going to happen with Detroit bankruptcies? I’m pretty confused about what Washington is doing/has done with the $700 billion and how that relates to the automakers. Let call them the OEMs (original equipment manufacturers). The OEMs claim they...
