Insights

Case Law Update: Dishonest Debtors in Settlement Negotiations
The Minnesota Court of Appeals recently decided a case involving a dispute between two financial institutions that may have important impacts on how to approach settlement negotiations with defaulting borrowers going forward. The lawsuit involved Student Loan Finance Corporation ...Read More

The Difference an Attorney Makes in Estate Planning
Estate planning is often overlooked until it is too late. Our recent article, Where There’s a Will, There’s a…Wait, discusses the negative effects of waiting too long to plan for the future. These include increased expense, court involvement, ...Read More

Third Round of PPP Funding Open, Banks with Assets of $1 Billion or Less Start Friday, January 15, 2021
Late Wednesday, January 13th, the SBA announced that banks with $1 billion in assets or less can start making Third Round PPP loans Friday, January 15th. Banks above that threshold will be able to start Tuesday, January 19th. CDFI ...Read More

State Court Receivership: A Powerful Creditor’s Tool
A receivership is often labeled as the state court’s version of bankruptcy, though there are many differences between the two. The device of receivership is primarily a creditor’s remedy and is typically invoked in various circumstances including the collection ...Read More

Planning For Medical Assistance: A Starting Point On What You Need To Know
Medical Assistance, Minnesota’s version of Medicaid, provides more than 600,000 Minnesotans with coverage monthly. Many of these individuals are seniors. When looking forward to retirement, it is important to consider future health care needs as well as how such ...Read More

Marshaling of Assets: Old Doctrine Learns New Tricks
As the economy enters into a recession and debtors’ assets are losing value, dwindling or disappearing, the doctrine of marshaling assets is appearing in more and more collection actions and appellate decisions. The increased use of marshaling assets is ...Read More