LEAN Welcomes Wright Law Group, PLLC!
Please join us in extending a warm welcome to our newest LEAN member firm, Wright Law Group, PLLC. Matthew T. Wright is the main contact, providing LEAN coverage for Southern Texas from the firm’s Houston office. Financial institutions rely on Matthew to enforce debtors’ contract obligations through court proceedings and bankruptcy filings. A skilled litigator, […]
LEAN Attorney Frank Peretore Joins Chiesa Shahinian & Giantomasi
LEAN is pleased to announce that Frank Peretore has joined Chiesa Shahinian & Giantomasi PC as a member continuing his concentration in the representation of secured creditors and lessors in the equipment leasing and asset based lending industries. Over the course of 30 years as an attorney, Peretore has developed a wide range of experience […]
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 […]
Impact of Critical Vendor Payments on Lessors in Chapter 11 Cases
By: Robert S. Bernstein, Esq. Co-Managing Partner, Bernstein-Burkley, P.C.
Understanding bankruptcy basics may be the difference between losing out and receiving fair treatment during the proceedings. While the Bankruptcy Code and Rules are complicated, they are several easily understood basics. The Bankruptcy Code groups similar creditors together to ensure that similarly situated creditors receive comparable treatment. Depending in which group the Bankruptcy Code places […]
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 […]
Byron Saintsing Elected Chair of the Primerus Business Law Institute of North America
By: Russ Kohl
Raleigh-based law firm Smith Debnam announced that Smith Debnam Partner, Byron L. Saintsing, has been elected Chair of the Primerus Business Law Institute of North America (PBLI). Primerus is an international society of top-rated, independent, boutique law firms. The Business Law Institute of Primerus brings together top-quality law firms with experience in business-related practice areas such […]
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 […]
What We Are Hearing…
By: LEAN Staff
What we are hearing… A recent WSJ article highlighted a 77% jump in chapter 11 bankruptcy filings in July compared to a year ago. The article said “the summer pickup in filings might not be a permanent return to the time before low-interest rates and high filing costs kept many away from the bankruptcy courts.” […]
