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Best Practices in an Economic Downturn: Minimizing Risks and Maximizing Returns in Bankruptcy Court
Best Practices in an Economic Downturn: Minimizing Risks and Maximizing Returns in Bankruptcy Court By Shannon Raye Martinez SAALFELD GRIGGS PC It is never good news to hear that someone who owes you money has filed bankruptcy. At least, that is the common perception...
Is Bankruptcy Really Such a Bad Thing?
Is Bankruptcy Really Such a Bad Thing? By Saalfeld Griggs PC In today’s turbulent economy, chances are that, sooner or later, you will receive a notice that one of your customers filed bankruptcy. For most creditors, the initial reaction to bankruptcy is that all...
Got an SNDA? Why You May Want One
Got an SNDA? Why You May Want One By Erich M. Paetsch SAALFELD GRIGGS PC To date, commercial property owners, tenants, and lenders have weathered the great recession and thereby avoided the historic delinquency and foreclosure rates affecting residential property....
Decoding MERS: What It Potentially Means for Residential Real Property
Decoding MERS: What It Potentially Means for Residential Real Property By Saalfeld Griggs PC WHAT IS MERS? There are many problems created by the current financial crisis, ranging from increasing foreclosure rates to chronic unemployment. A problem that has, so far,...
Creditor Lessons from the Homebuilding Downturn
Creditor Lessons from the Homebuilding Downturn By Erich M. Paetsch SAALFELD GRIGGS PC Recent economic headlines resemble the most thrilling roller coaster ride. One week the outlook is dire; the next, things are on the upswing. What is certain is that employment...
Beware of the Disappearing Agricultural Lien
Beware of the Disappearing Agricultural Lien By Shannon Raye Martinez SAALFELD GRIGGS PC If you provide services or products in the agricultural industry and have not received payment from your customers, you may be able to obtain a lien on either the crops themselves...
Bankruptcy Law and Preferential Transfers: A Hidden Liability
Bankruptcy Law and Preferential Transfers: A Hidden Liability By Erich M. Paetsch SAALFELD GRIGGS PC The economic downturn and corporate scandals are important aspects of the current business climate. Emerging from this turmoil is an increasing use of the federal...
A Half-Baked Tort: Deepening Insolvency
A Half-Baked Tort: Deepening Insolvency By Erich M. Paetsch SAALFELD GRIGGS PC Unfortunately, businesses fail despite the hard work and effort of everyone involved. A business failure can have lasting impacts upon the creditors of the business in addition to the...
What is that Ticking? Prompt Payment and Private Construction Contracts
What is that Ticking? Prompt Payment and Private Construction Contracts By Erich M. Paetsch SAALFELD GRIGGS PC On January 1, 2004, the Oregon Legislature changed the relationship among owners, contractors, subcontractors, and material suppliers involved in private...
Contractor Cannot Rely on Related Company’s Construction License
Contractor Cannot Rely on Related Company's Construction License By Shannon Raye Martinez SAALFELD GRIGGS PC In a ruling that will have effects far beyond construction liens, a June 2011 Federal District Court case in Oregon invalidated a nearly $5,000,000...