Posts Tagged 'bankruptcy'

Bankruptcy Trustees going after Paid College Tuition

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Tuition recovery lawsuits are a growing trend and an example of creative use of fraudulent transfer law.

According to the article in the Wall Street Journal:

Tuition recovery lawsuits are a new phenomenon. Historically, tuition payments were so small that a court-appointed trustee wouldn’t waste time pursuing them. But as college costs rise and more parents chip in to help their kids, bankruptcy experts predict more of these lawsuits to come.

Why are trustees going ...

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How to Keep Your Small Business out of Bankruptcy

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If you are the owner of a struggling small business, don’t give up hope. The stress can be overwhelming. There are steps you can take to save your business. But, you need to be smart about it. Here are a few tips from our experience over the last 30 years to get you started.

1. Cut your expenses
This may seem obvious, but it must be done wisely. Do a short-term cash flow analysis. Decide what bills you have to pay now, ...

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Jim Cossit Featured Speaker at ABI Bankruptcy Seminar

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Jim Cossitt is slated to be a featured speaker at the The 39th Annual Alexander L. Paskay Memorial Bankruptcy Seminar, a memorial CLE (Continuing Law Education) program honoring the lifetime achievements of the late Judge Alexander L. Paskay. The Seminar features prominent regional and national speakers, joined by bankruptcy judges, who will discuss both commercial and consumer ...

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