Category: Bankruptcy

The Parties is part 2 of a 10 part series on Chapter 7 bankruptcy and will provide general information regarding bankruptcy under Chapter 7.  A. The Debtor. The debtor is the person or entity that commences a case in Bankruptcy Court by filing a petition. A married couple may—but does not have to—file a joint…

This is part 1 of a 10 part series on Chapter 7 bankruptcy and will provide general information regarding bankruptcy under Chapter 7. It is intended to provide you with enough detail to give you a good basic understanding of the process, without snowing you under with too much information. Obviously, there are exceptions and…

Bankruptcy and business law attorney Alan Wenokur was named a 2020 Seattle Super Lawyer, an honor bestowed on only 5% of the lawyers in Washington each year. This is the 9th year in a row Alan has been named a Seattle Super Lawyer for his outstanding work in bankruptcy law. Super Lawyers® selects attorneys using a…

Bankruptcy and business law attorney Nate Riordan was named a 2020 Seattle Super Lawyer, an honor bestowed on only 5% of the lawyers in Washington each year. This is the 2nd year in a row Nate has been named a Seattle Super Lawyer for his outstanding work in bankruptcy law. Super Lawyers® selects attorneys using a…

We are one month deep into the COVID-19 pandemic and many businesses are feeling the strain of mandatory closures, reduced foot traffic and the prospect of a recession if we’re unable to stem the financial bleed. All these factors can create an underlying and unrelenting amount of stress. But as some business owners know, stress…

Contingent liabilities are potential liabilities that could arise in the future when some event happens like the breach of a lease. No business owner will leave the assets of a business in place for 40 years to see if a contingent claim is made on a long-term lease. Even if the entity is still in…

Most business owners look forward to the end of the administrative part of running a business and promptly close everything above. We’d like to suggest a more measured approach to minimize hassles and expenses, and provide some inexpensive protection. Here are 5 often missed steps to close your business and advice if your business is…

Our law firm is in the unique position of advising clients on both upside transactions (mergers & acquisitions, leasing, development, corporate) and insolvency (workout/restructure, bankruptcy, receivership). Many lawyers who only do mergers and acquisitions work simply do not have the nuts and bolts perspective we have when it comes to advising a client on what…