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When bankruptcy is not the best option

Bankruptcy can be expensive, often too expensive. The cost of a Chapter 11 reorganization proceeding for a small company, one with $10 million in annual revenue for example, is nearly as much as a larger company with 10 times the amount of revenue. Many companies facing financial difficulties these days simply cannot afford a bankruptcy reorganization, and they end up liquidating - either in a Chapter 7 bankruptcy or by turning over the keys to the secured lender.

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Not-so-limited role and exposure of local counsel

A lawyer from a different state asks you to serve as local counsel in a transaction or litigated matter. He just wants you to file recording instruments or pleadings with the court. He wants to structure the transaction or run the litigation, negotiate the terms or conduct the discovery, and, above all, maintain all the client contact. After a conflict check, you agree.

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How older workers can find new jobs

Many signs point to a turnaround for the economy. The stock market is advancing and the employment numbers appear to be improving slowly.  “But what about opportunities for older workers?” people often ask me.  “Are they finding jobs too?”  The ...

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