Columbus-based attorney Teri Rasmussen of Plunkett Cooney is the driving force behind the Ohio Practical Business Law Blog, where she offers advice and guidance to help keep business owners and managers informed of the laws they may or may not be breaking when they make business decisions.
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In case you're wondering what's happened to Chrysler, the answer is: we don't know yet. Here's a good Q&A prepared by AP about the whole Chrysler/GM mess that are very helpful in understanding what's happening . And here's a bit more slanted analytical approach to what's...
When Keith Brown, the Deputy Clerk of our Bankruptcy Court here in Columbus, spoke at a recent meeting of the Columbus Bar Association Bankruptcy Committee, he brought statisitics about bankruptcy filings in Columbus, Ohio over the last 25 years with him. Because this roughly spans my...
Finding new and different ways to invalidate a mortgage has been the consummate "cottage industry" for Ohio bankruptcy trustees over the last few years. Typically, these involve the use of sections 544(a)(3) and 551 of the Bankruptcy Code by a Chapter 7 Trustee to attempt to avoid...
Soaring foreclosures of residential mortgages have somewhat obscured what many believe will soon be a similar collapse in commercial real estate. Which means we'll all be talking more about "bad boy" guarantees before too long. Indeed, just recently, Julie Satow...
When I first heard about the recent Ohio Supreme Court decision in Fed. Ins.Co. v. Executive Coach Luxury Travel, Inc., 2010-Ohio-6300, I didn't pay it much mind. After all, how could a case about insurance coverage have much of anything to do with my business, commercial amd...
Applicable exemptions from execution, garnishment, attachment, or sale - or most importantly - in consumer bankruptcy - have increased with respect to judgments or orders entered after April 1, 2010.. One of the useful things about being involved in bar association activities is the way it...
As I was catching up on my Google Reader entries from out here in the heartland of Iowa where my folks reside (Xmas break), an article in the NYT's Deal Book by Steven Davidoff entitled "Abercrombie's Ohio Express" caught my eye. According to the article,...
Finding capital for a new venture is always a challenge and many an entreprenuer looks to solve this problem by swapping membership interests in the new limited liability company formed to run the business in exchange for funds. However, in the excitement of the moment, the entreprenuer may...
Whether its LLC membership interests or more traditional corporate stock being offered to potential investors, there are certain rules that need to be followed to stay out of trouble with state and federal authorities. Most importantly, a "security" such as stock or possibly a...
In my last post, I discussed the most prominent Ohio case law regarding the authority of a court-appointed receiver to sell real property out of the receivership, free and clear and without encumbrances of course. But where does the receiver's authority to do anything with...