With the caveat that this post may become moot minutes after it’s posted, the first question that came to my mind following Sears’ recent chapter 11 filing—which was coupled with news that the company would shutter 142 stores (a number that may double by a November 1 DIP financing deadline for a second round of “store rationalizations”)—was whether there would…
As members of Geneva Group International (GGI) one of the top ten international accounting, consulting and law firm alliances, Cavitch, Familo & Durkin is able to deliver the best possible advice on a global scale. Through GGI we have access to experts around the world who are able to give advice on local regulations, compliance and go-to-market strategies. GGI’s broad…
Cavitch shareholder Max Dehn recently prosecuted a lawsuit to recover hundreds of thousands of dollars wrongfully taken from an Ohio family. This is a summary of the family’s story. Names have been changed to protect the privacy of the parties. Ohio Farmer Builds Wealth Through Investing & Smart Living John was an elderly farmer who lived alone with his mother,…
Amidst the seemingly endless downtrend in Chapter 11 bankruptcy filings in the era of cheap money and onerous Dodd-Frank regulations (business Chapter 11 filings are down some 43% nationwide from the last peak in 2010), there has been a notable counter-trend of late: the volume of agricultural bankruptcy filings has ballooned. While relatively scarce and unfamiliar to non-agricultural lenders, Chapter…
Ohio is one of few states that allows funding of a “Pooled” trust for persons over 65 years of age. What is a pooled trust? A pooled trust holds assets of disabled persons without the funds being counted towards the asset ceiling for persons applying for Medicaid. Transfers to a pooled trust are not considered “improper transfers” by Medicaid. The…
Cavitch partner Mike Rasor filed petitions to run for the Ohio House of Representatives on Tuesday. Rasor, a Republican, has served on Stow City Council since 2010. He will seek to replace Kristina Daley-Roegner, who is term limited. The 37th Ohio House district...
Do you have a high conflict case? Do you have a case with significant parenting concerns? Parent Coordination Services may be the solution. Jennifer Himmelein is an experienced attorney who can handle demanding tasks of parenting coordination in Cuyahoga and Lorain Counties. But when do you know if it’s time to contact a parenting coordinator, or a family law attorney…
Cavitch, Familo, & Durkin Co., L.P.A., representing a construction company for its ERISA and pension related matters, assisted in achieving a favorable ruling before the Arbitrator, United States District Court of the Northern District of Ohio (“Northern District”), and Sixth Circuit Court of Appeals (“Sixth Circuit”). The decision reversed a $5.1 million pension liability imposed by an ironworker’s pension fund.…
You’ve heard of IPOs. The wave of the future might be ICOs (initial coin offerings). Their issuances have surpassed $4 Billion. But the SEC is urging the industry to pump the brakes. Startup Cryptocurrency Regulated as a Security Last week, SEC Chairman Jay Clayton released a letter that strongly suggests that, by issuing a digital coin in exchange for cash,…
Chapter 11 bankruptcy filings are down anywhere from 60 to 80 percent from the last peak in 2010, but that doesn’t mean there haven’t been some pretty significant cases filed in recent memory. A respectable number of large, publicly held companies in retail, energy and a hodgepodge of other sectors have entered Chapter 11 in the last year or so,…
