property

Equityholder’s Strategy for Shifting Tax Burdens to Creditors Upheld by Third Circuit

08/12/13

By Eugene Kim

In re Majestic Star Casino, LLC, F.3d 736 (3rd Cir. 2013), the U.S. Court of Appeals for the Third Circuit broke from other courts by holding that S corporation status (or "qualified subchapter S subsidiary" or "QSub" status) is not property of the estate of the S corporation’s bankruptcy estate. Other Circuits have routinely held that entity tax status is property of the estate.

[more]

Equityholder’s Strategy for Shifting Tax Burdens to Creditors Upheld by Third Circuit

08/12/13

In re Majestic Star Casino, LLC, F.3d 736 (3rd Cir. 2013), the U.S. Court of Appeals for the Third Circuit broke from other courts by holding that S corporation status (or “qualified subchapter S subsidiary” or “QSub” status) is not property of the estate of the S corporation’s bankruptcy estate. Other Circuits have routinely held that entity tax status is property of the estate.

[more]

Bankruptcy Myths Debunked

01/05/12

As a Fort Worth bankruptcy lawyer I encounter clients each day that express concern over their future after filing for bankruptcy. Unfortunately, there are many myths and misconceptions about bankruptcy that float around and scare people away from taking advantage of the benefits bankruptcy can offer. Common Misconceptions One fear most people express is that [...]

[more]

Giving up Property in a Bankruptcy and Ethical Dilemmas for Lawyers

12/13/11

Believe it or not, the vast majority of bankruptcy lawyers, I would say 95% or higher, take their ethical obligations very seriously. We value the oath that we took when we received our license and honor it daily by dispensing advice in the best interests of our clients. Like doctors advising lifestyle modifications or prescribing [...]

[more]