The “Credit Crisis” Still Exists
It’s gotten pretty quiet out there about whether businesses can get loans; what was known as the “credit crisis.” It hasn’t loosened up very much. Maybe there is money to …
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“They Know they Owe the Money” – Overcoming the Burden of Proof and the Importance of Supporting Documentation
Posted on by Bob Bernstein
When a collection claim results in litigation, a creditor must become familiar with certain legal concepts that will often determine whether or not the creditor sees any recovery as a …
Chrysler Filing Raising Eyebrows Among Seasoned Practitioners
Posted on by Bob Bernstein
The Bankruptcy Code mandates that secured creditors be paid the full value of the collateral securing their claim. Only after secured creditors are paid IN FULL is unsecured creditors to be paid anything. …
Don’t Make it Personal
Posted on by Bob Bernstein
“They stole from me!” “I am not taking a penny less than the full amount owed!” “I want to nail that son of a b#@^$!” Often creditors engage an attorney …
Bankruptcy Issues for Creditors
Posted on by Bob Bernstein
In 2005, a record number of debtors filed bankruptcy prior to the effective date of the amendments to avoid the amendments to the bankruptcy code that made it more difficult for debtors …
Chapter 11 – What the Public Needs to Know to Understand the Chrysler Bankruptcy
Posted on by Bob Bernstein
by Robert S. Bernstein, Esq. Since the late 1970s, the public really started to learn about Chapter 11 and how it works in “big companies.” Through the 80s and 90s …
Shouldn’t Judicial Campaigns Follow the Law?
Posted on by Bob Bernstein
Maybe it’s a local issue, but it bothers me. It is illegal in many place (including the City of Pittsburgh) to put signs, even campaign signs, on public property. Yet …
Commercial Law League of America – 79th Chicago Meeting: “A First Time Attendee’s Experience”
Posted on by Bob Bernstein
Now that I have my inbox somewhat under control, I would like to write about my recent experience attending the Commercial Law League of America’s (“CLLA”) 79th Chicago meeting. While …
Bankruptcy – Who’s Responsible for This Mess?
Posted on by Bob Bernstein
Who’s responsible for this mess? The facts of a recent bankruptcy case perfectly illustrate one aspect of the recent economic collapse – loan defaults. In the case, a 51 year old, disabled …
Has Bankruptcy Become a Certainty for U.S. Auto Giants?
Posted on by Bob Bernstein
If this week’s events are any indication, it may no longer be a question as to whether General Motors Corp. and Chrysler, LLC. will file bankruptcy, but rather when …