Advances

The Ninth Circuit Holds that Bankruptcy Courts Have Authority to Recharacterize Debt as Equity

On April 30, 2013, the United States Court of Appeals for the Ninth Circuit held that the bankruptcy court has authority to recharacterize as equity, rather than debt, advances of funds made purportedly as a loan to the...more

Broad Advance Waivers of Future Conflicts and Galderma

Lawyers sometimes doubt the effectiveness of advance waivers of future conflicts, particularly when the waiver is broad and does not specify potential adverse parties or representations. The recent trend nationally, however,...more

Quick Quiz Answer: Recovering Loans Or Advances

The best answer to our January 9 Quick Quiz is, "$200". In declining percentage order, the responses were...more

Quick Quiz: Recovering Loans Or Advances

Gloria is a stock clerk for The Warehouse Company. She is paid on an hourly basis at the rate of $8.00 per hour. Gloria experiences a personal financial emergency....more