Doctor’s Associates’ Inc., the franchisor of Subway™ restaurants brought an action in the US District Court for the District of Connecticut to compel arbitration in response to a suit by one of its franchisees for breach of a Stipulated Arbitration…
Asset Protection Rule – Plan Before You Know You Need It
I had just finished giving a presentation on asset protection strategies and recent developments in insolvency law at a national convention. I was packing up my presentation notes and answering a few questions for attendees, when a well respected asset…
Creditors Risk Equitable Adjustment of Claims if Overly Involved in Debtor’s Business Affairs
The court in In re Aida’s Paradise, LLC, 485 B.R. 806 (2013) has warned lenders not to become overly involved in a debtor’s business affairs, even if all of its actions are legally permissible. The court cited the Eastern District…