by R. Shawn McBride | Feb 16, 2017 | Bankruptcy, Business Management, Partnerships, Personal Liability, Uncategorized
R. Shawn McBride recently published an article to the McBride For Business Blog on a topic that might be of interest: What to do When a Vendor Goes Out of Business. He discusses planning your big event, when you are getting ready to host everybody and you find out one...
by Staff of the Firm | Oct 11, 2016 | Bankruptcy, Business Management, LLC, Uncategorized
To be sure, bankruptcy is not something that new and emerging businesses often think about. But however unpleasant the thought might be, it may become necessary in the course of running a business to get a fresh start. In the second quarter of 2016, for example,...
by Staff of the Firm | Dec 5, 2015 | Bankruptcy, LLC, Personal Liability, Uncategorized
After Olmstead v. FTC, a Florida Case with Potential National Implications. The Florida Supreme Court’s opinion in Olmstead v. FTC created much uncertainty concerning charging order protection for multi-member LLCs in Florida[1] and seems to have been the catalyst for...
by Staff of the Firm | Nov 14, 2015 | Bankruptcy, LLC, Personal Liability, Uncategorized
Real Life Stories (Cases) on the Issue: Olmstead v. FTC (Florida). Olmstead v. FTC, a non-bankruptcy case, dealt with the question as to whether a court may order judgment debtor to surrender all right, title, and interest in the debtor’s single-member LLC to satisfy...
by Staff of the Firm | Nov 7, 2015 | Bankruptcy, LLC, Personal Liability, Uncategorized
Real Life Stories (Cases) on the Issue: In re Modanlo (Delaware). In Modanlo, Modanlo was the debtor and held a 100% ownership interest in NYSI, a Delaware single-member LLC.[1] Subsequently, the trustee filed a bankruptcy petition for NYSI and sought the court’s...
by Staff of the Firm | Nov 3, 2015 | Bankruptcy, LLC, Personal Liability, Uncategorized
Real Life Stories (Cases) on the Issue: In re A-Z Electronics, LLC (Idaho). A-Z Electronics, another bankruptcy case involving a single-member LLC, follows the reasoning in Albright to reach the conclusion that a debtor-member’s bankruptcy filing assigns his or her...
