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Blog Posts in August, 2013

  • EQUIPMENT LEASE HORROR STORIES

    If you are a small business owner, and are thinking of signing an equipment lease, we advise you to carefully read the lease fine print, or discuss it with an attorney. Equipment leases are extremely complicated. Furthermore, because these contracts relate to business, rather than consumer items, they are not covered by many of the consumer protection laws. Since 1989, the attorneys in our firm ...
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  • LIEN STRIP BASICS AND THE EVOLVING LAW ON "CHAPTER 20"

    With the advent of the housing crisis, many homeowners find themselves owing a great deal more on their property than it is worth. Under the right facts, a “lien strip” can provide relief to such homeowners. Lien strips are not allowed in Chapter 7 bankruptcy. [1] However, despite language in 11 U.S.C. §1322(b)(2) which precludes the modification of a claim secured only by a security interest in ...
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