Recently I met with a business owner who wanted to use Chapter 11 to solve his business problems. He explained that his company was having severe cash-flow problems, that a friend had told him that Chapter 11 had saved…
FIRST DAY ORDERS — CRITICAL VENDOR ORDERS AFTER KMART
With the commencement of a Chapter 11 reorganization comes the automatic stay and also a prohibition of the debtor’s use of cash collateral, incurring of new debt, or activity outside the ordinary course without appropriate court orders. Operation of the…
Recent Bankruptcy Decision Of Interest
New Jersey Court Rules That Collection Letter With “Please Call” Violated FDCPA: Collection letter contained the statement “If we can answer any questions, or if you feel you do not owe this amount, please call us toll free . .…