December 15, 2008

Wild West of Chapter 11 Plans

Filed under: Bankruptcy & Reorg — Tags: , — admin @ 6:17 pm

By Charles Moster 
For many lawyers practicing bankruptcy law, the operation has become routine – “mechanized” is perhaps the more apt description.  Particularly in the area of consumer bankruptcy (Chapter 7 and 13), there are a lot of forms being generated behind the scenes because software has made it easier to spin out what’s needed to secure a filing at rocket speed.  However, the world of Chapter 11 bankruptcy has remained a bastion of creative lawyering notwithstanding the improvement in technology. 

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December 12, 2008

Does Your Non-Compete Have Muscle?

By Shari Wynne
Picture yourself having hired your first 5 new employees to help get your new business off the ground. If you’re wondering how to protect the customer base you are working so hard to develop, you are likely concerned about how the use of non-compete agreements can help or hurt you. Your concerns are well founded. (more…)



December 10, 2008

Pre-Packaging Chapter 11 for Christmas

By Charles Moster
“So what do you want for Christmas, little Ricky?” 

“Well, I don’t want or need a Lexus and I’m already driving a Cadillac. Maybe putting GM into bankruptcy would be a super gift. After all, according to my bankruptcy attorneys it can come “pre-packaged”. Think how much I’ll save on the wrapping.” (more…)



December 4, 2008

Is Chapter 11 Bankruptcy a Viable Option?

By Charles Moster
Your business has thrived as a leading distributor of computer monitors. As the CEO/Founder, you have assembled an excellent management team and maintained double digit growth in an expanding market. Just as you are about to put your third plant on-line, the stock market experiences its most significant decline since the Great Depression. Almost overnight, your ability to obtain credit seems to vanish and several of your largest customers have cancelled pending orders. (more…)



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