Bankruptcy Tax Wills, Trusts, & Estate Planning

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Atari Files Reorganization Plan to Exit Bankruptcy

Atari Files Reorganization Plan to Exit Bankruptcy by Joel R. Glucksman on October 4, 2013 Video-game maker Atari, Inc. has filed a reorganization plan in the U.S. Bankruptcy Court in Manhattan with the support of its...more

Analysts Debate the Effectiveness of Municipal Bankruptcy on Improving Cities

Analysts Debate the Effectiveness of Municipal Bankruptcy on Improving Cities by Joel R. Glucksman on August 22, 2013 Five years after the Great Recession began, a number of cities across the country are still...more

American Airlines Nears Bankruptcy Exit, Merger

American Airlines Nears Bankruptcy Exit, Merger by Joel R. Glucksman on August 15, 2013 American Airlines parent AMR Corporation is gearing up to make its formal exit from bankruptcy proceedings, and to enter into a...more

Should Detroit Follow Central Falls’ Bankruptcy Strategy?

Should Detroit Follow Central Falls’ Bankruptcy Strategy? by Joel R. Glucksman on August 6, 2013 In the wake of Detroit filing the largest municipal bankruptcy in U.S. history, many analysts are looking at the...more

Endicott Interconnect Technologies Seeks Bankruptcy Protection

Endicott Interconnect Technologies Seeks Bankruptcy Protection by Joel R. Glucksman on August 2, 2013 Endicott Interconnect Technologies has filed for bankruptcy protection with the U.S. Bankruptcy Court in Utica, and...more

Is your IRA safe from creditors?

If a substantial portion of a person’s wealth is in one or more IRAs, protecting the assets in those accounts is critical to his or her estate plan. IRAs provide significant benefits, including tax-deferred wealth...more

Fifth Circuit Rules that Inherited IRAs Are Exempt under Code

Originally posted in the ABI Journal, Vol. XXXI, No. 5, June 2012. Editor’s Note: For additional perspective on inherited IRAs, read the May 2011 cover article and a letter to the editor published in the July/August 2011...more

Estate of Badii ex rel. Badii v. Metropolitan Hospice, Inc., C.A. No. 6192-VCP (Del. Ch. Mar. 12, 2012) (Parsons, V.C.)

In this memorandum opinion, the Court of Chancery appointed a receiver for an insolvent corporation deadlocked over how to discharge a tax lien. Defendant Metropolitan Hospice, Inc. (“MHI”), a closely held corporation,...more

Clawback–Myth Or Monster? (Or, “Clawback For Dummies”)

[Okay, we are not dummies, but this is a very tough issue to follow in its entirety for most of us.] Until recently, the term “clawback” did not mean much to estate planners and tax attorneys. Those with some knowledge...more

Wealth Management Update - March 2012

A monthly report for wealth management professionals. In This Issue: - March Interest Rates for GRATs, Sales to Defective Grantor Trusts, Intra-Family Loans and Split Interest Charitable Trusts - In re Grube...more

Inherited Ira’s–Bankruptcy Protection

Last March, we discussed the bankruptcy case In re Chilton. That case held that unlike a traditional individual retirement account (IRA), an inherited IRA is not an exempt asset in bankruptcy. Our prior discussion can be...more

The Legal Monitor / BrownWinick Law Firm's Newsletter

The February edition of BrownWinick's The Legal Montior contains the following articles: Receiving a demand letter or lawsuit for the return of preferential payments to a bankrupt debtor is typically a frustrating...more

9 Key Steps to Take Before Hiring a Lawyer

This article addresses the 9 Key Steps to Take Before Hiring a Lawyer....more

6 Misconceptions About Compromising Tax Debts

This article addresses the 6 Misconceptions About Compromising Tax Debts....more

Business Owner's Indespensible Guide to Choice of Entity

This article provides the business owner with indespensible guidance on selecting the appropriate business entity....more

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