Your customer has filed bankruptcy, leaving a series of unpaid invoices in its wake. While unfortunate, you chalk it up to one of the many costs of doing business and move on to landing bigger and better accounts....more
Earlier this week, the U.S. Supreme Court held that a creditor who deliberately files a bankruptcy proof of claim for a time-barred claim does not violate the Fair Debt Collection Practices Act (FDCPA). Midland Funding v....more
For secured lenders, the single most dangerous provision of the U.S. Bankruptcy Code is section 506(c). This section permits the bankruptcy court to collect from the lender’s collateral the bankruptcy estate’s necessary...more