George Klidonas

George Klidonas

BakerHostetler

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Protecting Private Wealth: Recent Bankruptcy Cases Involving Tuition Payments and Profit Sharing Plans

Two recent decisions may affect the assets of individuals available to satisfy creditors' claims in bankruptcy. In the first decision, the Bankruptcy Court for the Eastern District of New York determined that married, joint...more

3/17/2014 - Consumer Bankruptcy IRA

Recent Updates on Reimbursing Creditors' Legal Fees Under a Chapter 11 Plan

Unsecured creditors in chapter 11 cases face the prospect of two financial blows: the possibility of not receiving full payment of their claims and the cost of attorney's fees for defending their interests....more

6/21/2013 - Attorney's Fees Chapter 11 Creditors Legal Costs Reimbursements

Providing Employees with Notice of Layoffs in Chapter 11 Cases

The "WARN Act" (Worker Adjustment and Retraining Notification Act) requires that larger employers provide 60 days' notice in advance of plant closings or other mass layoffs....more

6/12/2013 - Advance Notice Chapter 11 Layoffs Notice Requirements WARN Act

Pledges By Debtors To Nonprofits May Not Be Enforceable After Bankruptcy

Is a bankrupt pledgor legally bound to fulfill its promise to pledge a gift; or will a nonprofit have a successful claim against a pledgor if there is a subsequent failure to make payment because of a bankruptcy filing? A...more

12/10/2012 - Clawback Agreements Pledges

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