When utilized in contracts and leases, a liquidated damages clause can serve as a tool to avoid unnecessary litigation. In situations where a party has breached the terms of a lease, the parties can include a liquidated damages clause in order to determine the amount to be paid upon default for dama
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This feature originally appeared in the February 23rd edition of the Pittsburgh Business Times. Q: What does it mean to be named a “top 20” unsecured creditor in a bankruptcy filing? Is there anything my company needs to do? Advice: A debtor filing for Chapter 11 must file a list of its 20 lar
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(PITTSBURGH) January 30, 2018 – Bernstein-Burkley is pleased to announce the addition of a new Partner, Keri P. Ebeck, to its team of skilled attorneys. Keri joins the firm’s growing Bankruptcy & Restructuring practice, where she will oversee consumer bankruptcy cases. Keri is an attorne
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This feature originally appeared in the January 19th edition of the Pittsburgh Business Times. Q: What can I do in the New Year to improve revenue? Advice: As the economy improves, the chances of collecting on bad debt or old accounts receivable increases. Many account debtors will be sitting on ad
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This feature originally appeared in the December 15th edition of the Pittsburgh Business Times. Q: As a small business owner, I am wary of extending credit to certain customers, but my business depends on it. How can I offer credit to customers, while still protecting my interests? Advice: Ther
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This feature originally appeared in the November 17th edition of the Pittsburgh Business Times. Q. How do I sell my property but maintain my mineral rights? Advice: The first step is to understand and utilize the correct terminology. The terms “minerals” and “oil and gas” are often used in
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Bernstein-Burkley, P.C. was awarded the following rankings by the US News – Best Lawyers 2018 “Best Law Firms” list: Metropolitan Tier 1 law firm in both Pittsburgh and Morgantown in the area of Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law Metropolitan Tier 2 l
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This feature originally appeared in the October 27th edition of the Pittsburgh Business Times. Q: My company (or an employee of my company) was just served with a subpoena in a lawsuit that we are not a party to. Why did we receive this and what should we do next? Advice: If you or your company ha
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(PITTSBURGH) October 17, 2017 – Bernstein-Burkley is pleased to announce the addition of a new associate, Edward F. Hirshberg, to its team of skilled attorneys. Ed joins the firm’s growing Litigation practice, where he will concentrate on commercial litigation. Ed’s legal experience includ
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This feature originally appeared in the September 22nd edition of the Pittsburgh Business Times. Q: When a customer has not been making payments, should I consider a “workout”? Advice: A “workout” is a mutually negotiated legal arrangement, signed by both creditor and debtor, in w
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