News

Collection of Lawsuit Attorney Fees in Iowa

Posted on: January 14th, 2022 by Michael A. Morris, ABLS Blog Contributor

Attorneys’ fees can be significantly expensive for a party in a lawsuit, and often those fees cannot be recovered by the plaintiff even after winning a judgment. Many parties to a transaction will wisely include a provision in their contract stating that if a judgment is recovered with respect to the agreement then the prevailing […]

Looking to 2022: Can You Weather the Financial Storm?

Posted on: December 21st, 2021 by Kate Langworthy, ABLS Blog Contributor

Few things capture the attention of agricultural producers like the weather. Farmers and ranchers often check the forecast multiple times a day in an attempt to stay ahead of any chances of inclement conditions. Wind, precipitation, and extreme temperatures can have significant effects on the health of animals and crops alike, so it is important […]

Creditor Attorney Fees in Bankruptcy

Posted on: December 16th, 2021 by Michael A. Morris, ABLS Blog Contributor

In bankruptcy, parties fight over a limited pool of assets while fees diminish what remains in the estate. While most creditors are responsible for paying their own attorneys’ fees, oversecured creditors are entitled to attorney fees from the debtor pursuant to 11 U.S.C. § 506(b) which states: To the extent that an allowed secured claim is […]

Chapter 12 Bankruptcy: Is it right for me?

Posted on: December 6th, 2021 by Kate Langworthy, ABLS Blog Contributor

The decision to file bankruptcy is not one that is made lightly. By the time the petition is filed, there have likely been many difficult conversations and strategy sessions to make sure that the entity or individual is making the best move for the future. An essential part of that strategy involves considering the goals […]

Sub V: Sub-par or Superb?

Posted on: December 1st, 2021 by Michael A. Morris, ABLS Blog Contributor

Subchapter V (“Sub V”) of the Bankruptcy Code was created under the Small Business Reorganization Act (P.L. 116-54) to streamline bankruptcy cases and help more small business debtors successfully reorganize by lowering costs. Sub V was meant to strike a balance between Chapter 7 liquidation and Chapter 11 reorganization. Sub V created some significant benefits […]

Terminating the Technicality: Venue Reform, Why It’s Important, and What You Can Do About It

Posted on: November 15th, 2021 by Kate Langworthy, ABLS Blog Contributor

Bankruptcy is a legislative creation aimed at giving debtors the opportunity for a fresh start while still recognizing the rights of their creditors to be paid. Chapter 11 Bankruptcy allows an entity experiencing financial distress, typically a corporation or partnership, to seek relief through reorganization, while retaining their business in hopes of generating revenue to […]

A Call for Bankruptcy Venue Reform

Posted on: November 12th, 2021 by Michael A. Morris, ABLS Blog Contributor

In February of 2021, Belk, a North Carolina department-store chain, filed for Chapter 11 bankruptcy in the United States Bankruptcy Court of the Southern District of Texas. After the large retail company with over 90,000 creditors filed on the evening of February 23rd, their plan was confirmed and consummated by the end of the next […]

Joe Peiffer on The Big Show 9/17/2021

Posted on: September 23rd, 2021 by Mike Peiffer

Attorney Joseph Peiffer recently chatted with Andy Petersen from The Big Show about how to plan ahead looking forward from the beginning of harvest. Listen below and feel free to read along! Andy Petersen: Well, let’s talk a little agricultural business here with a good Big Show buddy, and a business expert, Joe Peiffer, Ag […]

Joe Peiffer on the Big Show 5/27/2021

Posted on: June 10th, 2021 by Mike Peiffer

Shareholder Joseph Peiffer got to chat with Andy Petersen last month on The Big Show. Listen and read below: Andy Petersen: We’re going to talk the business of agriculture here for a little bit on The Big Show today. Joe Peiffer, good Big Show buddy. Ag and Business Legal Strategies is the name of the […]

What Every Bankruptcy Lawyer Must Know About Chapter 12

Posted on: May 3rd, 2021 by Mike Peiffer

Shareholder Joe Peiffer and associate Austin Peiffer recently co-authored an article on chapter 12 bankruptcy with Vermont bankruptcy trustee Jan Sensenich. It was published in the May 2021 edition of the American Bankruptcy Institute‘s ABI Journal.