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Not Your Father’s Chapter 11
10/17/2013
The June issue of The Journal of Corporate Renewal carries an article about the why Chapter 11 is so different now than it was 10, 20, and even 30 years ago – and how it has irreparably changed.
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The Question of Attorney’s Fees
09/03/2013
At some point during the course of a lawsuit, almost every client asks the following question: “If we win, can I make the other side pay my attorneys’ fees?” The question is only natural. You are involved in the case either because you believe you have been wronged or because the other side has accused you of wronging them. If you are vindicated and receive a favorable verdict, shouldn’t you also be able to recover the fees you have had to pay? In most instances – and for good reason – the answer has traditionally been no.Indiana, like most other states, follows the “American Rule.” Under this system, each party to a lawsuit bears its own legal fees and expenses regardless of whether it prevails. In contrast, much of the rest of the world has adopted the “English Rule” under which the losing party pays the fees incurred by the winning side
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Right around the Corner: Employers Must Give Notice by October 1st
08/21/2013
Every employer must give written notice to each employee, on or before October 1, 2013, about the federal health insurance Marketplace. Many small businesses are unaware of this and assume either that the Affordable Care Act (ACA) doesn’t apply to them or that Obamacare provisions don’t kick in until 2015. This part of the ACA applies to every business (so long as it has 1 employee and annual revenue of $500,000 or more), and it applies right now.
