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…
Yes, Yes, Thank You – But No.
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…