Are non-compete agreements valid when an employer files chapter 11?

I express no opinion about Illinois law in this answer. If the company can meet the requirements under section 365 of the bankruptcy code, it can...

Are ERISA Qualified Retirement Plans, protected against creditors in Michigan?

A participant’s interest in a retirement plan subject to ERISA is generally exempt from creditors. An individual cannot establish a plan subject...

Yes, but you should consult an attorney and an accountant to ensure that you address basic issues from the start, including tax, tax reporting,...

I work for a mid size company and i am allowed to buy stocks. In a stock purchase/redeem agreement is it typical to negotiate?

That all depends on the situation. Factors might include: The relative bargaining power of the employee and employer, the size of the company,...

Provided that you take the "state" exemptions and claim the exemption correctly, it should be exempt provided that there were no transfers or other...

That should be the end of it. A tax refund is property of a chapter 7 estate if it is owed to the debtor as of the petition date or partially...

Can the seller back out of a purchasing agreement just because they have higher back up offers?

The appraisal requirement may be waivable by the buyer, and if that's the case and the buyer waives it, the contingency may be removed, and the...

Do I need an attorney for a civil show cause due to a no show for a subpoena at a credit union.

An attorney may be able to identify important issues, such as whether the judgment is still enforcialb, and whether you should consider bankruptcy....

I think that the owner is entitled to the drums. There’s a law in Michigan that give the operator of a self-storage facility the ability to...

If your contract with the company truly provides for perpetual renewal commissions, and is not alterable unilaterally by the company, you may be...