Consumers typically file one of two types of bankruptcy – chapter 7 or chapter 13. There are important differences between a chapter 7 and a chapter 13. The difference between the chapters include structural and practical differences and present different options for a debtor. The right chapter for each debtor is heavily dependent on the… View Article
The common perception of a bankruptcy includes: a person filing a bankruptcy a case, attending a hearing, and receiving a discharge of debt. However, there is another chapter to this story and that is a bankruptcy under chapter 13 of the bankruptcy code. When considering bankruptcy options, there are hundreds of variables to consider. Some… View Article
US Patent and Trademark Office v. Booking.com BV Recently, the Supreme Court decided a trademark case that asked a very specific question. The answer could have a big impact on businesses trying to protect their brands. In US Patent and Trademark Office v. Booking.com BV, the Supreme Court had to decide whether a generic word… View Article
For a long time, the word “bankruptcy” brought with it a slew of negative connotations. Disappointment, failure, ruin, guilt, shame, and defeat are just a few words that describe the emotional state of a person faced with overwhelming debt who is looking for protection from creditors. Having represented thousands of debtors in chapter 7 proceedings… View Article
We are excited to announce that Paul Godfread has joined Pruvent PLLC. Paul’s practice focuses on intellectual property and data privacy. He has represented businesses both large and small in transactions and litigation. He has substantial experience with trademarks and branding issues. Paul has a background in technology which has informed his practice. He has… View Article
How the Right Strategies & Timing for Mergers & Acquisitions in Downturns Can Be the Key to Greater Returns & Success As the economy cycles, uncertainty can alter investment strategies and deals involving mergers and acquisitions (M&A). For example, during economic downturns: The sheer volume of M&A activity usually declines: When comparing the first quarter… View Article
Many Minnesota businesses reopened on May 18, 2020 as Minnesota relaxed the restrictions designed to slow the spread of the novel coronavirus. Specifically, Executive Order 20-56 rescinded a previous order, which had forced the closure of many businesses, and now allows limited customer interaction for a much wider range of the economy. At the same… View Article
A lot of businesses were quick to take a loan that came out of the CARES Act’s Paycheck Protection Program (PPP), as administered by the Small Business Administration (SBA). But those businesses did not take the funds knowing all the rules (or what the whole process would look like). As many readers of this article… View Article
Many businesses are dusting off the seldom used force majeure clause in their agreements because of the current pandemic (due to government orders or otherwise). We have touched on this topic before. But what is a force majeure clause and what does it do? A force majeure clause allows a party to delay, suspend, negate,… View Article
For owners of commercial real estate, cash flow is important. Property owners should always be looking for opportunities to cut unnecessary costs, particularly during periods of economic uncertainty. Frequently overlooked, a real property tax appeal may present an opportunity to save a significant amount of money and may even lead to a recovery of a… View Article
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