ABSTRACT: When a creditor is faced with defending preferential transfer actions in a bankruptcy case, one of the least understood, and therefore least used, defenses is the so-called "ordinary business terms" defense described in Bankruptcy Code section […]
Under 11 U.S.C. §330, attorneys seeking to be paid from a debtor's estate must file fee applications with the bankruptcy court. Additionally, many bankruptcy courts have enacted local rules and guidelines with respect to fee applications. The Office […]
KRCL Director Joseph M. Coleman presented Managing the Meltdown: An Examination of Creditors' Bankruptcy Strategies to MEMA Financial Services Group, Inc., at the MFSG 2013 Educational Seminar in Detroit September 18.
On June 21, the Texas Supreme Court issued its long-awaited opinion in The Finance Commission of Texas v. Norwood [1],bringing an end to nine years of litigation over minutiae of Texas home equity lending laws. The opinion is important to the banking […]
The principal issue in any bankruptcy case involving franchise issues will be the effect of the filing on the franchise agreement. As with most contracts, the party filing bankruptcy - the debtor - has two options. The debtor may assume the franchise […]
Joseph M. Coleman presented Texas Two-Step: Impact of Corporate Formations Upon Collections and Bankruptcy Update for Credit Professionals to the National Food Equipment Manufacturer’s Credit Exchange Group on May 7, 2012, in Chicago, Illinois.
In this troubled economy, no one wants to give up hard-earned cash. Unfortunately, many companies are forced to do exactly that as the number of corporate bankruptcy filings increases. When a company in financial turmoil files for bankruptcy […]
FirstPlus Financial Bankruptcy Case information.
On September 20, 2005, Joseph Coleman spoke at a conference in Chicago, Illinois for members of the Manufacturers Clearing House Trade Creditors' Group on the topic of Bankruptcy Abuse Prevention and Consumer Protection Act: Impact on Business Bankruptcies […]
On June 28, 2001, the Bankruptcy Court ordered that these Chapter 11 cases be converted to cases under Chapter 7 of the Bankruptcy Code pursuant to the provisions of 11 U.S.C. § 1112(a). Mr. Steven S. Turoff has been elected Chapter 7 trustee in these […]