It's The Economy
In the legal notices section of today’s News Journal, there was a listing of almost 100 homes scheduled to be sold at a sheriff’s sale next week. Very sad, but not surprising in light of our current economic woes. So I thought I’d share with you some interesting articles dealing with economic issues that have been posted recently by other business lawyers.
In her December 1, 2008 blog entry, Ohio business law attorney, Teri Rasmussen, posts an excellent article about “prepackaged bankruptcy.” According to Ms. Rasmussen, “The hallmark and principal advantage of a successful prepack is a substantial savings in time and disruption as compared with the ordinary Chapter 11 bankruptcy case.”
Sam Hasler, a busines attorney in Indiana, posted an article on December 4, 2008 entitled "Small Businesses - Tips For The Hard Times."
As more and more consumers fall behind in their payments, creditors should be aware of a December 4, 2008 article posted by Michigan business attorneys Nitzkin & Associates discussing how creditors can be held liable for emotional damages under the Fair Debt Collection Practices Act and the Fair Credit Reporting Act.
