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Suppose an unsecured debtor doesn’t pay. What’s next?

A savvy creditor should understand the nature and availability of remedies if a debtor defaults. Such knowledge is especially important to unsecured creditors, since the options upon default are relatively few and frequently unsatisfactory-why? More often than not, the only remedy available to the unsecured creditor is to file a lawsuit, proceed to judgment (an […]

Corporate records

When you organize your business as a corporation, there are certain record keeping requirements you must adhere to.

Components of a good contract

Business-to-business agreements should be in writing (personal agreements with friends and relatives also fall in the “put it in writing” category). If the contract touches a matter of any significance at all, then best to include all these components: The Parties Description of the goods or services to be procured Delivery/Performance Price and Payment Length […]

Put Your Agreements In Writing

Business-to-business agreements should be in writing (personal agreements with friends and relatives also fall in the “put it in writing” category). If the contract touches a matter of any significance at all, then best to include all these components: The Parties Description of the goods or services to be procured Delivery/Performance Price and Payment Length […]

What Do Most Troubled Companies Have In Common?

According to George Cloutier, most troubled companies “…have not implemented strong financial reporting. Small businesses fail to focus on the basics – doing your P.& L.’s [profit and loss statements] and paying attention to cash flow.” Read the entire article from this consultant at NY Times

A Deal Is A Deal

I have conversations with the indebted, (i.e. businesses and persons that are in default on a financial obligation) on a daily basis. They welched on a deal, and are often looking for a way out. Call me old fashioned (or naïve), but when you enter into an agreement and the other party has lived up […]

On August 27, 2013, Gary Quinnett presented a legal seminar on commercial real estate issues. The attendees rated him "Excellent"