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SmallMediumLarge PrintLifetime Memberships May Not Be for Life if Bankruptcy Intervenes

With the proliferation of bankruptcy proceedings for country clubs, golf clubs, health clubs, many "members" who were enticed into what appeared to be attractive packages for so-called lifetime memberships may be sorely dismayed when they learn that an intervening bankruptcy proceeding may wipe out their so-called lifetime membership benefits.

November 24, 2020CommentaryNew Ruling Ratified a Far-Reaching Definition of 'Debt Collector' Under the FDCPA

This ruling is significant for not only debt purchasers, but also for secured lenders that take over accounts receivable from a defaulting borrower and then outsource the collection efforts.

April 14, 2020CommentaryUnsecured Trade Creditors in Bankruptcy Cases May Have Received Early Holiday Gift

At the end of the summer, Delaware U.S. District Judge Richard G. Andrews issued an opinion in the case of Hargreaves v. Nuverra Environmental Solutions, which can have a profound benefit to unsecured trade creditors in bankruptcy cases where there is substantial leveraged secured debt and the value of the borrower's assets is less than the amount of the secured debt.

October 18, 2018CommentaryBankruptcy Sales Are Not Really Free and Clear of Claims

The U.S. Supreme Court decision to sit out review of the General Motors ignition switch litigation leaves a lot of uncertainty for bankruptcy professionals, writes attorney Charles M. Tatelbaum.

May 19, 2017CommentaryFor YouLoading For You...

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