Corporate and Business
Fourth Circuit: No Bank Liability For Accepting ACH Transfer Unless Actual Knowledge of Account Misdescription
This month we review a critical recent victory for banks and other depository institutions regarding liability for fraudulent account activity.
Continue ReadingCan a Borrower Effectively Waive the Automatic Stay Before Filing Bankruptcy?
Is a borrower’s agreement to waive the automatic stay in a pre-bankruptcy document enforceable; recent developments in the Corporate Transparency Act.
Continue ReadingImportant Legal Update: Corporate Transparency Act- Reporting Requirements Back in Effect with Deadline of March 21, 2025
The Corporate Transparency Act (“CTA”) and its beneficial ownership information (“BOI”) reporting requirements are back in effect.
Continue ReadingSpotts Fain Counsels CEP Solar, LLC on Joint Venture and New Investment from Perennial Power Holdings, Inc.
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Can a Lender Have a Nondischargeable Claim Against a Business-Entity Borrower That Files Subchapter V Bankruptcy?
Let's review: Can a claim against a borrower that is a business entity be declared nondischargeable in the borrower’s Subchapter V bankruptcy case?
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