Understanding bankruptcy basics may be the difference between losing out and receiving fair treatment during the proceedings. While the Bankruptcy Code and Rules are complicated, they are several easily understood basics. The Bankruptcy Code groups similar creditors together to ensure that similarly
Continue reading →
This feature originally appeared in the March 23rd edition of the Pittsburgh Business Times. Q: What are some suggested provisions for the terms I should include in my credit agreement in order to protect my rights against a defaulting credit customer? Advice: A credit agreement provides the terms
Continue reading →
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
Continue reading →
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
Continue reading →
(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
Continue reading →
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
Continue reading →
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
Continue reading →
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
Continue reading →
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
Continue reading →
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
Continue reading →
