Tag Archives: bankruptcy

ABC: An Attractive Alternative to Bankruptcy

The owners of private, financially distressed businesses choosing among unpalatable alternatives should sometimes consider a lesser used state (not federal) statutory course: an assignment for the benefit of creditors, or ABC. General Advantages over Bankruptcy ABCs have grown in popularity … Continue reading


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Unfinished Business Doctrine: Dead at Last

The “unfinished business doctrine” as applied to defunct law firms is dead. Recent Posts, for Context As we wrote on June 12 in “Unfinished Business Doctrine: Federal Judge Gets it Right!”, a federal court judge in California killed the doctrine … Continue reading


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Unfinished Business Doctrine in NY

I wrote blogs last year about the unfinished business doctrine as applied to defunct law firms.  To summarize: I am strongly against it, both on legal grounds and on practical, economic grounds. Now we await a major decision in the … Continue reading


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Dewey, the Unfinished Business Doctrine, and Judicial Vindication!

In July 2012, I wrote two blog pieces about a disturbing and growing problem: the claims of defunct law firms and their bankruptcy trustees to grab the fees earned by other law firms where the defunct firms’  attorneys had migrated … Continue reading


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Example of Importance of Corporate Legal Formalities

Suggested by a true story: Suppose you are a limited partner in a properly formed Texas real estate investment limited partnership.  You, along with a general partner and all of the other limited partners, signed and delivered a written agreement … Continue reading


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Dewey & LeBoeuf — Continued

A few additional notes on the matter I blogged about last week: the efforts of the CRO in the Dewey bankruptcy to seek profits realized by those law firms that took in departing Dewey partners and completed work that began … Continue reading


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Dewey & LeBoeuf, TDRPC 1.15, Fiduciary Duty, Contract and Equity

Earlier this year, I posted an article on our FB account (which, when I trace it down, I will note here) about the trustee in a law firm bankruptcy winning its assertion that departed partners of the defunct law firm … Continue reading


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