Bankruptcy Blogs

Considering the cost of TAG and the alternative forms of insurance available, there is no economic reason to extend it. And when you guarantee transaction balances, you are really helping large banks.

By: Michael J. Casaceli

St. John’s University Law Student

American Bankruptcy Institute Law Review Staff

Meeting your potential client for the first time will set the tone for your entire representation. By having a well-reasoned and thorough interview form, you should be able to gain a great map for what questions you may have for this client, what chapter they may need to file, if they need to file at [...]

I’ve been meaning to tell you something for awhile now. It’s going to be a bitter pill to swallow, but it’s better that you know now rather than later.

It’s been a rough few years for Thumb Oilseed Cooperative Inc. With its second product recall for salmonella in as many years, the Michigan soy product producer landed in Chapter 11 Monday.

Thumb Oilseed sells soy flour, soy grits and refined soy oil under the name Soy Beginnings, declaring all of its products are low carb, trans fatty acids free, organic and non-GMO. But first in February 2010 and then in October 2011, Thumb Oilseeds had to recall thousands of pounds of soy flour and soy meal based on possible salmonella contamination.