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Hedge funds word of the day™ – Big Boy Letter
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A charitable corporation is more a trust than a corporation, a topic that is taken up in an earlier posting on this site. See http://www.jdsupra.com/legalnews/the-charitable-corporation-a-trust-in-d-90654/. In the case of a...more
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
The Ninth Circuit Court of Appeals recently ruled that employers may discharge multiemployer trust withdrawal liability in bankruptcy. Employers required to contribute to multi-employer pension trusts face growing withdrawal...more
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
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
The U.S. Bankruptcy Code provides that a personal debt is not dischargeable if the debt had been occasioned by the debtor’s defalcation while acting in a fiduciary capacity. Courts of appeals had long disagreed about the...more
This analysis updates a previous memo and incorporates advice we have received from the Federal Reserve Board (“FRB”) and the Federal Deposit Insurance Corporation (“FDIC”) regarding the preparation of living wills for bank...more
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
Asset protection planning is a hot topic for many people. This article summarizes various asset protection planning strategies, short of filing for bankruptcy....more
When one broadcast licensee company buys another, or when there is a restructuring of a company with broadcast ownership holdings that are grandfathered under current ownership rules, there often arises a need to divest...more
The Dodd-Frank Act (the "Act") contains several provisions creating significant compliance challenges for covered financial institutions. Some of the measures will impose novel responsibilities. Some may change the way firms...more
One commonly overlooked area a doctor’s personal planning is the possibility that you or a loved one
may need long-term care (LTC) as a result of age, illness, or accidents. In cases where such care is
This article addresses the 9 Key Steps to Take Before Hiring a Lawyer....more
This article addresses the 6 Misconceptions About Compromising Tax Debts....more
This article provides the business owner with indespensible guidance on selecting the appropriate business entity....more
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