Tom Lerner explains the changes to the Bankruptcy Code that will come with the Small Business Reorganization Act of 2019, and offers practical tips for lenders who may be impacted.
Stokes Law Briefs
In an April 2nd decision, an Appellate court reminds foreclosing lenders to say what you mean and mean what you say. Claire Taylor and Tom Lerner explain that ambiguity and delay can lead to unintended outcomes.
The Washington Medical Commission's recent census reveals the changing face of the medical community and how doctors practice. Tom Lerner notes that some of this has implications for physicians making employment decisions.
In Centrum Financial Services v. Union Bank, decided December 17, 2017, the Court of Appeals clarified the limitations on the right of a junior lienholder to cure a default of a senior secured indebtedness. Tom Lerner reminds lenders to use caution when considering whether to foreclose on a second deed of trust.
Tom Lerner provides a recap of key foreclosure cases from 2016.
Accelerating a defaulted loan seems almost automatic. There will be times when the statute of limitations may lead to a different decision. Tom Lerner explains that the Court of Appeals holds that the decision to accelerate must be explicitly stated. It is not enough to leave it to be inferred.