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Professional Malpractice Finance & Banking Bankruptcy

Read Professional Malpractice updates, alerts, news, and legal analysis from leading lawyers and law firms:

Supreme Court of Nevada Holds That Legal Malpractice Claim Was Impermissibly Assigned

by Hinshaw & Culbertson LLP on

Tower Homes, LLC v. Heaton, ___ P.3d ___, 2016 WL 4273578 (Nev. 2016) - Brief Summary - The Supreme Court of Nevada held that a bankruptcy trustee's stipulation and court's order permitting creditors to pursue the...more

Texas Supreme Court Holds that Individual Beneficiary Had Standing to Bring a Legal Malpractice Claim Involving a Loan From an...

by Winstead PC on

On May 27, 2016, the Texas Supreme Court held that an individual beneficiary of a self-directed retirement account managed by a corporate trustee had standing to bring legal malpractice claims against a law firm based on...more

New York’s Lichtenstein Decision Highlights Conflicts of a Carve-Out Guarantor

by Baker Donelson on

The recent New York case of Lichtenstein v. Willkie Farr addresses a borrower's conflict caused, in part, by a loan covenant. The covenant invoked personal liability of the members in the event the entity files a voluntary...more

Home Loan Modification Help FAQs from the State Bar of California

by Christine Kingston on

Senate Bill 94 does not prevent an attorney from earning fees for helping consumers with home loan modifications. However, no one can accept fees up front for the work, nor can they place fees in their trust...more

Bill on Bankruptcy: Fee Agreement Puts Law Firm In Trustee's Sights [Video]

by Bloomberg Law on

Jan. 9 (Bloomberg) -- Law firm Kaye Scholer LLP and financial advisor Capstone Advisory Group LLC are in the sights of a U.S. Trustee aiming to claw back $12 million for an undisclosed agreement to share fees awarded in...more

Can I keep an inherited IRA when I file for bankruptcy?

by George Bourguignon on

An inherited IRA has been treated differently by bankruptcy courts than IRA's held by the original owner. If you have inherited an IRA and wonder if you can keep it if you file for bankruptcy, or if you have any retirement...more

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