September 2018 Archives

Good news may be on the way for defrauded student loan borrowers

A recent court decision may mean that much-needed debt relief will finally be on the way for students defrauded by unscrupulous for-profit colleges and universities. The decision, handed down by a federal judge earlier this month, finds that the U.S. Department of Education - and its leader, Secretary Betsy DeVos - acted in an "arbitrary and capricious" manner by delaying Obama-administration rules regarding debt forgiveness and forbearance for affected students.

Commercial Litigation

While no business wants to be involved in litigation of any kind, being the target of commercial litigation cuts to the very heart of your business. Giddens & Gatton Law, PC, has the know-how to obtain the most favorable outcome possible for our clients.

Consumer medical debt still driving bankruptcy filings

Medical debt - and medical debt collection - are both billion-dollar industries in America. Our healthcare system, such as it is, means that millions and millions of us have insurance coverage, yet costs of medications, treatments and physician visits still put countless of Americans in debt annually.

Creditors' Rights - Options for Getting Your Clients to Pay

Clients who refuse to pay for services rendered are not only frustrating but can represent a real threat to your company's bottom line. Fortunately, creditors have recourse at their disposal. But taking self-help measures is not always the right way to go. Here are some strategies to help you collect from delinquent clients without resorting to strong-arm techniques that could put your company at risk.

U.S. Trustee's office objects to Toys R Us bankruptcy plan

The U.S. Trustee's office announced this week that they have major concerns about the viability of the Chapter 11 bankruptcy plan for Toys R Us (and subsidiary Geoffrey Holdings LLC) due to the fact that the current arrangement fails to adequately compensate vendors and other creditors. The bankruptcy watchdog office filed an official objection due to the so-called "death trap" provision currently written into the plan, which only allows creditors to collect from a $180 million fund if they agree to sign third-party releases.

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