Farleigh Wada Witt Welcomes Tavo Cruz to the Firm
Farleigh Wada Witt is pleased to welcome Gustavo (Tavo) Cruz, Jr. to the firm. Tavo’s practice focuses on commercial finance, corporate finance and general business. He has over 20 years of experience representing banks, commercial lenders and other financial service providers in complex commercial loan transactions. “We are excited to have Tavo aboard,” says firm […]
The Wait is Over: FASB Issues New Guidance on Lease Accounting
By: Jason Bramwell Staff Writer - AccountingWEB
The Financial Accounting Standards Board (FASB) officially released its long-awaited lease accounting standard on Feb. 25, which now requires companies to report most leases on their balance sheets and puts an end to the off-balance-sheet reporting of assets and liabilities related to the rights and obligations created by operating leases. While companies are currently required […]
Understanding Late Fees & Default Interest
By: Michael Witt, Founder - Witt Law & LEAN Member
Friends, here’s a quick primer on something you may already know—but can you explain the difference? Do you understand the difference between late fees and default interest? Do your lease forms provide for the charging of both on late payments? If not, you should read on… I’m often surprised how many lessors and their collection […]
Congratulations to Bob Bernstein!
By: LEAN Staff
ROBERT BERNSTEIN NAMED FELLOW BY THE AMERICAN COLLEGE OF BANKRUPTCY Bernstein-Burkley, P.C. announced on 10/27/15 that Co-Managing Partner, Robert S. Bernstein, has been selected by the American College of Bankruptcy to be inducted as a Fellow of the College. This is a prestigious honor awarded to only the top professionals who have exhibited exceptional contributions to […]
Undue Diligence
By: Barry S. Marks - Founding Shareholder, Marks & Associates, P.C.
I remember the day one of my kids asked what it was like in the Great Depression. After assuring them I was not that old, I told them to ask their grandparents. I spent the next few minutes thinking over what it meant to my folks to live in the Great Depression and what scars […]
4 LEAN Member Firms Ranked as Top Leaders in the 2015 Chambers USA Guide
LEAN is pleased to announce that 4 member firms have been ranked in the 2015 edition of Chambers USA: America’s Leading Lawyers for Business, a leading reference for selecting business lawyers. McGlinchey Stafford, PLLC: Bankruptcy/Restructuring – Louisiana www.mcglinchey.com Poyner Spruill, LLP: Bankruptcy/Restructuring – North Carolina www.poyners.com Hiscock & Barclay (now Barclay Damon): General Commercial Litigation […]
The Critical Need to Give Proper Notice of Assignment
By: Scott D. Chait - Associate Peretore & Peretore, P.C.
In case you missed it, here is a very informative article by Scott Chait of Peretore & Peretore, our LEAN firm in Northern NJ. Thank you for your contribution, Scott! A recent decision out of the Maryland federal courts is a good reminder of how critical it is to properly notify account debtors of an […]
LEAN Welcomes Cooper, White & Cooper LLP!
Please join us in extending a warm welcome to our newest LEAN member firm, Cooper, White & Cooper LLP. Peter C. Califano, Partner, is the main contact, providing LEAN coverage for Northern California from the firm’s San Francisco office. Mr. Califano has over 28 years’ experience in representing creditors and debtors in all aspects of […]
Robert S. Bernstein elected to a 2nd term as President of the Board of Governors of The CLLA
The Commercial Law League of America (CLLA) is pleased to announce that Robert S. Bernstein, of Bernstein-Burkley, P.C., in Pittsburgh, PA, will serve as its 2015-2016 Board of Governors president. This makes Bernstein the only two-term president other than the group’s founder, William Sprague, in 1896. Since joining the CLLA in 1975, Bernstein has held […]
Workouts and Enforcement for the Secured Creditor and Equipment Lessor (2015 Edition)
By: LEAN Member Frank Peretore
Lexis/Nexis recently announced publication of Frank Peretore’s highly-regarded tome, first published in 1988, now updated for 2015. Here is some praise for the first edition: “Workouts and Enforcement For The Secured Creditor and Equipment Lessor by Frank Peretore is a book that is long overdue. I couldn’t put the book down and made it mandatory […]
