It is common that accountants seek to limit their liability to a client in the event of malpractice. Typically, in the retention agreement, the liability is limited to the amount of fees paid by the client to the accounting...more
1/14/2022
/ Accountant Malpractice ,
Accounting ,
Bankruptcy Court ,
Chapter 11 ,
Debtors ,
Exculpatory Clauses ,
Financial Adviser ,
Gross Negligence ,
Liability Insurance ,
Limited Liability ,
Liquidation ,
Trustees ,
Willful Misconduct
How should a chapter 11 debtor’s financial information be presented to the bankruptcy court to create the best first impression? To give the court an accurate picture of the results of operations during Chapter 11 and for the...more
The pandemic has hurt many companies. Fortunately, at the urging of the Federal government and with relief from regulators, many secured lenders have refrained from taking action against borrowers in default under the terms...more
The Federal bank regulators which supervise banks have made a statement encouraging workouts necessitated by the coronavirus. Loans which would otherwise be classified as TDRs (Troubled Loan Restructurings) will not have to...more
Successful Chapter 11s for retailers have become few and far between. Sears, Toys "R" Us, Barneys New York, Forever 21, Coldwater Creek, Fred's, Fairway and A&P are just a few examples of recent retail...more
3/5/2020
/ Administrative Bankruptcy Claims ,
Bankruptcy Reform ,
Commercial Bankruptcy ,
Corporate Restructuring ,
Creditors ,
Distributors ,
Financing ,
Liquidation ,
Retailers ,
Risk Assessment ,
Risk Mitigation ,
Sears ,
Toys R Us ,
Vendors