The U.S. Supreme Court ruled that the U.S. Bankruptcy Code does not allow Chapter 7 debtors to rid themselves of junior liens on home loans that are under water. This decision should benefit commercial lenders as debtors may not void a junior mortgage lien when the debt owed on a […]

An overview from a buyer’s perspective.

On September 7, 2017, credit-reporting agency Equifax announced that it experienced a data breach earlier in the summer.  The attack impacted the sensitive and personal information of around 143 million people.  The attack occurred due to software vulnerability in a web application framework that Equifax used – Apache Struts.  Although […]

A ransomware attack occurs when a malicious program finds its way into a computer system and prevents a company from accessing its files until the perpetrator receives ransom payment.  Even if the ransom is paid, however, there is no guarantee that the target company will regain access to its data.  […]

Does your company maintain a database that includes personal information on citizens of the European Union? If so, you are probably able to do so without penalty because of a provision, recognized in European* and American law, that has provided a “safe harbor” for American companies – subject to the […]

1. “Disappearing” Working Capital. Care must be taken to insure that the seller does not deplete the working capital (e.g., cash, accounts receivable and/or inventory) of the business prior to closing which could result in a serious cash flow shortage following closing. Avoiding this pitfall requires certain understandings between buyer and […]