by Jill Sullivan | Mar 30, 2025 | Bankruptcy
Understanding Personal Guarantees and Piercing the Corporate Veil When a business files for bankruptcy, creditors often assume that their chances of recovery have vanished. In many cases, this is true—the corporate entity’s assets are liquidated, and debts are...
by Jill Sullivan | Mar 24, 2025 | Bankruptcy
When a debtor defaults on financial obligations, creditors must act decisively to recover their losses. Two primary legal avenues exist for addressing financial distress: bankruptcy and receivership. While bankruptcy is widely recognized and utilized, receivership is...
by Jill Sullivan | Mar 19, 2025 | Bankruptcy
How DIP Financing Impacts Existing Creditors in Business Bankruptcies When a business files for Chapter 11 bankruptcy, it does not necessarily mean the end of operations. In many cases, the company continues to function while restructuring its debts. This is made...
by Jill Sullivan | Mar 17, 2025 | Legislation
The legal landscape surrounding judgment liens in Texas has undergone significant transformation following recent legislative changes. For creditors operating in the state, understanding these updated rules is critical to effectively securing their interests and...
by Jill Sullivan | Mar 10, 2025 | Bankruptcy
The financial landscape of bankruptcy law is set for a significant shift in April 2025, with an increase in bankruptcy dollar thresholds that will impact creditors, debtors, and legal professionals alike. These changes, which occur every three years to reflect...
by Jill Sullivan | Mar 6, 2025 | Bankruptcy
The ‘Texas Two-Step’ bankruptcy has become a controversial strategy for corporations facing mass tort liabilities, allowing them to separate assets from liabilities and funnel legal claims into bankruptcy court. This tactic, famously used by Johnson &...
by Jill Sullivan | Feb 27, 2025 | Legislation
California has long been at the forefront of consumer protection laws, and recent legislative changes have further strengthened the rights of consumers in the financial marketplace. For creditors, these enhanced protections create new challenges in debt collection,...
by Jill Sullivan | Feb 14, 2025 | Legislation
In January 2025, California enacted Senate Bill 1061 (SB 1061), a pioneering law that prohibits health providers and debt collectors from reporting medical debt to consumer credit reporting agencies. This legislation aims to protect consumers from the adverse effects...
by Jill Sullivan | Feb 10, 2025 | Bankruptcy
When a debtor files for bankruptcy, one of their primary goals is to receive a discharge of their debts, effectively eliminating their legal obligation to pay certain liabilities. However, bankruptcy law does not grant debtors an automatic fresh start without...
by Jill Sullivan | Feb 5, 2025 | Bankruptcy
When a borrower files for bankruptcy, creditors often face significant challenges in recovering outstanding debts. However, if the debt is guaranteed by a third party, known as a guarantor, creditors may still have a viable path to repayment. Guarantors play a...
