If you have have had the bad luck to deal with customers or clients who have filed a bankruptcy case, chances are good that you have or will receive a demand letter to return money paid to you by the
Georgia Bankruptcy Blog
The Georgia Bankruptcy Blog, published by The Law Office of Scott B. Riddle, focuses on bankruptcy law and related litigation in Georgia. It covers topics such as Chapter 7, Chapter 11, Chapter 12, and Chapter 13 bankruptcy cases, including issues like discharge complaints, exemptions, cramdowns, and bankruptcy litigation. The blog also addresses business and commercial litigation, real estate and construction disputes, and legal interpretations of bankruptcy statutes and court rulings within the Eleventh Circuit and Georgia state law. It provides updates on case law, procedural rules, and practical implications for individuals and businesses involved in bankruptcy and related legal matters.
Latest from Georgia Bankruptcy Blog - Page 18
Two More Georgia Banks Fail: First Coweta Bank, EBank Closed By Regulators
By Sunghee Sohn
Two more Georgia banks were shut down yesterday, making them the 17th and 18th Georgia bank failures in 2009. Ebank, the Vinings-based thrift founded in 1998 as Commerce Bank, was closed by the Office of Thrift Supervision and the…
Fiduciary Duties Of Officers And Directors Of Failing Companies During “Zone Of Insolvency”
By Sunghee Sohn
As more and more companies seek bankruptcy protection, we may see more bankruptcy cases involving officer and director liability during the “zone of insolvency” preceding the filing. Since most states look to Delaware for guidance on matters of corporate…
Protecting IP Rights From A Licensor’s Bankruptcy
By Sunghee Sohn
I was recently asked to look into a Chapter 11 case by a company that licensed software to the debtor company. The client had a significant pre-petition debt, and was not being timely paid in the Chapter 11 even though…
Atlanta Journal Articles Discuss Waffle House Franchise Bankruptcy Case
By Sunghee Sohn
Edited August 18 – Debtor Southeast Waffles has withdrawn its Plan of Reorganization and requests the Court take no further action on its plan. As the Debtor’s plan was to sell to Mickelson’s group, it appears, at least for now,…
Bailey Banks & Biddle Parent Files Chapter 11
By Sunghee Sohn
Finlay Enterprises Inc., the parent company of jewelry retailer Bailey Banks & Biddle, filed their petition in New York yesterday. There are three Bailey Banks & Biddle stores in Atlanta: Lenox Square Mall, Perimeter Mall and Mall of Georgia.
From…
Chapter 11 Cases Filed In Northern District In July – August 2009
By Sunghee Sohn
It was not a particularly heavy month of Chapter 11 filings, through foreclosure day this week, but there were still several new Chapter 11 filings in the last month.
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Security Bank Corp., Based in Macon, Georgia, Is Shut Down By Regulators
By Sunghee Sohn
Security Bank Corp. was shut down yesterday by the Georgia Department of Banking and Finance, and the FDIC. Pinehurst-based State Bank and Trust Co. will assume all of the deposits of Security Bank’s six subsidaries and will acquire $2.4…
Starting To Be Old News In Georgia: FDIC Shuts Down First Piedmont Bank In Winder
By Sunghee Sohn
First Piedmont Bank, based in Winder, Georgia, became the state’s 15th bank failure in the last year. Its assets were purchased by Athens-based First American Bank and Trust. A total of four banks nationwide were shuttered on Friday. …
CIT Preparing For A Chapter 11 Bankruptcy Filing? What Happens To Its Borrowers?
By Sunghee Sohn
Lender CIT has been a business lender for 100 years, and is (at least for now) a Fortune 500 company. It is mainly a lender to small to middle market businesses and according to its website has $60 billion in…