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What to Do if the Company Faces a Bankruptcy Preference Action
A client or customer of your company has filed for bankruptcy protection. Now you have to calculate what's owed to you and worry that you'll get any of it back. You find out that they're paid up, and you relax -- until you receive notice of a preference action from the company's bankruptcy trustee, demanding that you give back the money. Attorney Robert Lochhead runs through the legal options you may have, including the statutory defenses that are available.Coudert Brothers dies a slow death
COUDERT BROTHERS may be dead, but its problems only seem to be getting worse. The firm, which closed up shop in August 2005, is awash in debt, has declared bankruptcy, and was recently hit by a pair of judgments totaling $2.8 million. Though the firm has paid off $23 million it owed to bank creditors Citigroup Inc. and JPMorgan Chase Co.For One Law Firm, an Unquiet Death
Not since the crash of Brobeck, Phleger & Harrison has a law firm flamed out as spectacularly as Coudert Brothers. The firm once had 28 offices and 600 lawyers, and though its financial performance was fading, it was seen as a pioneer in international law. But that scope also helped undermine Coudert, which faces lease obligations from Singapore to San Francisco, and difficulties accessing money in Frankfurt and Tokyo. It was once common for Coudert partners to speak many languages. Now its creditors do.What to Do if the Company Faces a Bankruptcy Preference Action
A client or customer of your company has filed for bankruptcy protection. Now you have to calculate what's owed to you and worry that you'll get any of it back. You find out that they're paid up, and you relax -- until you receive notice of a preference action from the company's bankruptcy trustee, demanding that you give back the money. Attorney Robert Lochhead runs through the legal options you may have, including the statutory defenses that are available.Deal Watch: Jones Day fuels up Eastman Chemical sale
AS PART OF its strategy to dispose of business assets, Eastman Chemical Co., with the legal advice of Jones Day partner William B. Rowland, recently reached an agreement to sell a facility that makes biodiesel fuel.As gas prices remain high and the Middle East political situation remains tense, U.S. politicians and environmentalists have been stressing the importance of alternative fuels such as ethanol and biodiesel.Trending Stories
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250
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