How to Navigate Client and Customer Bankruptcies
By: Transactional Department With the current economy, more and more people are filing bankruptcy. If you are a bank or business owner then it is likely you have had to deal with a client or customer bankruptcy at least once. If you haven’t, you probably will have to in the months to come. So what …
Managing Your Legal Experience
In these economic times we are often asked by the client how they can help their legal case along, or control the costs. Here are a couple of tips to manage your legal experience: Many lawyers send engagement/fee letters. They set out the terms of the representation–basically what you pay, when fees are due, retainers, …
Personal Liability of Sole Shareholders
February 23, 2009 By: Theodore F. Claypoole If you are a shareholder of a corporation or a member of a limited liability company, then you may subject yourself to personal liability if you fail to hold yourself out as an officer or member of the entity. Recently, the Centre County Court of Common Pleas …