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Monthly Archives: June 2013

Records Retention Policies for Small and Mid-Sized Businesses: Part Two- Abiding by Your Policy and Honoring the Litigation Hold

June 7, 2013 Professional Services Industry Legal Blog

In Part One of this Blog post, we focused on what document retention policies are, who should have them and what documents should be kept for what length of time. Please click here to review Part One. In Part Two of this Blog post, we will focus on what the legal ramifications of failing to comply with your document retention policy are, with special attention given to responsibilities of the retaining company once litigation is anticipated or underway.

Collecting Accounts Receivable Part II: Commencing Legal Action Against Delinquent Customers

June 5, 2013 Banking & Financial Services Industry Legal Blog

This Blog is Part II in a series of Blogs designed to provide business owners with a high-level overview of the legal process for collecting on past-due accounts receivables. Specifically, Part II focuses on commencing legal action against delinquent customers once it’s become apparent that pre-suit collection efforts are futile.

Bankruptcy Treatment of a Security Interest in an Insurance Policy

June 3, 2013 Banking & Financial Services Industry Legal Blog, Insurance Industry Legal Blog

It is common knowledge that when a person or business files for bankruptcy, the end result is typically a discharge of debts. The bankruptcy debtor will no longer be personally responsible for payment of the outstanding debts. However, a security interest in real property remains, such as a lien created by a mortgage on a home. But what happens to a security interest in something more intangible, like insurance proceeds?

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