Valerie P. Morrison



  • Monday, December 1, 2008
    Franchisors dealing with financially distressed franchisees will find that three maxims generally hold true: an out-of-court work-out is usually preferable to a Chapter 11 filing or receivership; if bankruptcy or receivership is unavoidable, a pre-packaged or pre-negotiated restructure plan is usually more beneficial than one imposed by a court; and being...
  • Sunday, January 1, 2006
    The Bankruptcy Abuse and Consumer Protection Act of 2005 includes several provisions that now require creditors and others affected by the filing to take swift action to protect their rights and to take advantage of the new pro-creditor provisions. Limitation On Exclusivity