Simon Kimmelman

Sills Cummis & Gross P.C.

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Recently by Simon Kimmelman

Gone In 60 Seconds - When Dealerships Go Bad, What's Their Lender To Do?

Thousands of car dealerships across the country have closed their doors in the past year as the recession deepens and the very survival of the nation's automobile industry is in doubt. General Motor's high-profile bankruptcy will result in the eventual closing of 2,300 dealerships. Chrysler, too,...

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A Paper Tiger: The Reclaiming Seller In Bankruptcy

The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA) attempted to give stronger rights to sellers to insolvent debtors by revising the Bankruptcy Code. The time period in which sellers could reclaim goods sold to an insolvent buyer was increased to 45 days and a new...

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