Chapter 11 Cases for Chinese Vendors
As soon as you learn that your customer has filed bankruptcy in the U.S., you should do certain things in the first few days. Taking swift action will significantly improve …
Publications
Bankruptcy & Restructuring
Lawsuit Danger Alert: Be Careful How You Dispose of Old Records
Posted on by Bernstein-Burkley
Changes in law that take effect this December will increase your chances of being sued for unmanaged attrition of records when litigation is likely. Protect yourself now! As if you …
Powerful Collection Tools for Unsecured Creditors in Bankruptcy
Posted on by Kirk Burkley
By: Kirk B. Burkley This article appeared in the Pennsylvania Association of Credit Managers Newsletter, The Creditor There are a couple of important statutes that should rest on the credenza …
Involuntary Bankruptcy – A Useful Tool for Lessors and Creditors
Posted on by Bernstein-Burkley
“Bankruptcy.” To many creditors, this term is understood to mean a lost cause, a write-off and the end of the collection process. To other creditors, including those that appropriately use …
New Bankruptcy Code Forces Consumer Debtors to Pay More to Unsecured Creditors
Posted on by Bernstein-Burkley
Bernstein-Burkley, P.C. The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 is over two years old now. By now, most people are familiar with its terms and have adjusted …
Understanding Preference Actions Under the Bankruptcy Code
Posted on by Bernstein-Burkley
There is perhaps nothing more frustrating than when one of your customers files bankruptcy and avoids paying money that they owe your company. However, anyone that has dealt with a …
Supreme Court Issues Ruling Clarifying Transfer Tax Exemption in Chapter 11
Posted on by Bernstein-Burkley
Bernstein-Burkley, P.C. The recent Supreme Court decision clarifying the bankruptcy transfer tax exemption that allows debtors to avoid paying stamp taxes or similar transfer taxes on assets transferred as part …
Debtor in Distress
Posted on by Bob Bernstein
Robert S. Bernstein, Esq. Managing Partner, Bernstein-Burkley, P.C. Bankruptcy need not always be the final word when it comes to the rights of creditors. Most individuals filing for bankruptcy (and …
Rise of Business Related Bankruptcy Filings
Posted on by Bernstein-Burkley
Bernstein-Burkley, P.C. It is an important time for our country – a time full of promise for the future and hope for an end to the troubled economic conditions we …
The Unsettled Law of Distraint Procedures in Pennsylvania
Posted on by Bernstein-Burkley
Bernstein-Burkley, P.C. The ambiguity of the legality of remedies available to a landlord when presented with a defaulting tenant has put the landlord in a difficult situation in Pennsylvania. The …