Bankruptcy Blogs

Can Creditors File A Derivative Action Against Limited Liability Company?

09/08/11

In CML V, LLC v. Bax, No. 735, 2010 (Del. Supr. Sept. 2, 2011) (click here for .pdf of opinion), the Delaware Supreme Court addressed the questions of whether a creditor can file a derivative action against a limited liability company.   Plaintiff CML asserted the following derivative claims against the present and former members of JetDirect Aviation Holdings, LLC:

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Can Creditors File A Derivative Action Against Limited Liability Company?

09/08/11

In CML V, LLC v. Bax, No. 735, 2010 (Del. Supr. Sept. 2, 2011) (click here for .pdf of opinion), the Delaware Supreme Court addressed the questions of whether a creditor can file a derivative action against a limited liability company.   Plaintiff CML asserted the following derivative claims against the present and former members of JetDirect Aviation Holdings, LLC:

[more]

The Daily Docket: Swedish Court Rejects Saab Bankruptcy Bid

09/08/11

Saab Automobile AB Thursday met new obstacles as a Swedish district court rejected the cash-strapped company’s application for bankruptcy protection. Read The Wall Street Journal story here.

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Does Bankruptcy Affect Military Security Clearance?

09/07/11

Does Bankruptcy Affect Military Security Clearance? There is large presence of military service members in San Diego, California and many of our armed forces members frequently call me up and ask me about the effect of bankruptcy on military clearance. There is no magic answer to this question. It largely depends upon the military security [...]

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Speculators, Not CRA, Behind Foreclosures in Black Neighborhoods

09/07/11

Outside investors living in other, predominantly white neighborhoods, not local homeowners, account for the foreclosures in our nation's black communities.

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How Do I Choose A Good Bankruptcy Attorney?

09/07/11

Characteristics of a Good Bankruptcy Attorney If you’re faced with the unfortunate task of filing for bankruptcy, there’s nothing more important than having a highly qualified Arizona bankruptcy attorney by your side. Not only do reliable bankruptcy attorneys help seamlessly guide you through the process, but they can also make sure you get the full benefit [...]

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