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Texas Bankruptcy Blog
Does Bankruptcy Have a Statute of Limitations?
By Bryan Fears
Black’s Law Dictionary defines a statute of limitations as a “statute establishing a time limit for suing in a civil case, based on the date when the claim accrued (as…
Franchise Law Update
Good News: Trademark Use after Licensor’s Bankruptcy
Contributed by Michael Viscount and Brian Isen. What is the impact of a bankruptcy filing on the ability of a franchisee to continue utilizing the trademarks of the franchisor? Title…
Texas Bankruptcy Blog
Your Personal Fiscal Cliff
By Bryan Fears
While Congress and President Obama fight to resolve the fiscal cliff problem, millions of American families are wrestling with their own financial troubles. Fortunately, individuals have a financial restructuring tool…
Texas Bankruptcy Blog
Get Your Bankruptcy Priorities Straight!
By Bryan Fears
The Bankruptcy Code separates debts into three general classes: (1) secured debts, like a house or car loan; (2) unsecured debts, like medical bills or credit cards; and (3) priority…
Texas Bankruptcy Blog
Will Texas Chapter 11’s Increase in the Months Ahead?
By Bryan Fears
Chapter 11 bankruptcies in Texas declined by a notable 39 percent from 2011 to 2012. This decrease in business bankruptcies is three times larger than the Chapter 11 decline nationwide.…
In Solvency
Overseas Shipholding Group Files for Bankruptcy in Delaware
By Fox Rothschild LLP, Fox Rothschild LLP
Introduction On November 14, 2012, Overseas Shipholding Group, Inc. ("OSG"), filed chapter 11 petitions for bankruptcy with the United States Bankruptcy Court for the District of Delaware. OSG is a Delaware…
Delaware Bankruptcy Update
Lithium-ion Battery Manufacturer, A123 Systems, Files for Bankruptcy in Delaware
On October 16, 2012, battery maker A123 Systems, Inc., and various subsidiaries, filed chapter 11 petitions for bankruptcy in the United States Bankruptcy Court for the District of Delaware. A123…
Banking & Finance Law Report
Part Seven
This article is Part Seven in a seven-part series on how to structure sales and what to do when your customer fails to pay. You can find previous articles in…
Southern California Bankruptcy Law Blog
In re Flores: An Important Recent Chapter 13 Bankruptcy Case
How long must a Chapter 13 repayment plan last? I. The Statutory Authority Section 1325(b)(4) of the Bankruptcy Code makes reference to the “applicable commitment period”: [T]he “applicable commitment period”—…
Delaware Bankruptcy Update
Preference Actions Filed in Ultimate Escapes Bankruptcy
This week, Edward Gavin, the liquidating trustee (the "Trustee") for the Ultimate Escapes bankruptcy, filed preference complaints against several defendants. Under the complaints, the Trustee alleges that the defendants received…