5 Concerns When Closing a Medical Practice

With the current uncertainty of Medicare reimbursement rates and rising operating costs, many medical practices–in particular, independent medical practices–are closing their doors.  If you are in the process of closing a medical practice, here are a few areas of concern: Patient notice of closing.  You will want to consult your state

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Chapter 11 Decisions: Absolute-Priority Rule Stands

THE SIXTH CIRCUIT COURT OF APPEALS RULES THAT THE ABSOLUTE- PRIORITY RULE STILL APPLIES IN INDIVIDUAL CHAPTER 11 CASES The Sixth Circuit Court of Appeals recently issued an opinion reversing the lower bankruptcy court’s holding that the absolute- priority rule no longer applies to individual Chapter 11 cases following the

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Chapter 12, bankruptcy, farmers, family farm, fisherman

What is a Chapter 12 Bankruptcy?

Chapter 12 Bankruptcy If you are a Kentucky farmer or fisherman you may be wondering…’what is a chapter 12?” Chapter 12 bankruptcy is a reorganization bankruptcy intended for family farmers and family fishermen. This chapter is designed specifically for small to medium-sized family operations as there are debt limits for

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What Do Judges Want?

I recently listened to a panel of bankruptcy judges from across the country give their “pet peeves” at an event held for Fellows in the American College of Bankruptcy.  The College is an honorary association of bankruptcy and insolvency professionals, invited to join based on exhibiting the highest standards of

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