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The bankruptcy arena is fast becoming a sale barn for distressed assets. Modern chapter 11, codified in 1979, was launched amid well-intentioned statements about preserving jobs, preserving going concern value, and allowing troubled companies to right-the-ship and move on.

Despite what a university, its lawyers and a Superior Court thought, an appellate court ruling has confirmed that 12 months really means 12 months.

The Charitable Remainder Unitrust, commonly known as a "CRUT," can benefit charity, and the grantor, at the expense of Uncle Sam.

If you watch police dramas on TV, you are sure to have seen this plot twist: the suspect tells his lawyer something the police really want to know. But the cops can’t force the lawyer to give them the information, because of “attorney-client privilege.”

Some do it for strategic reasons. Others may just like the publicity. But it’s certainly not unusual today for lawyers involved in lawsuits to argue the merits of their cases on TV or radio, or to a newspaper reporter. What are the limits of these attempts to prevail in the court of public opinion?

What are the limits of a trustee’s obligations to the beneficiaries of a trust? When an unhappy beneficiary lost her home to foreclosure, she sued the administrators of a trust set up by her father for her and her siblings, alleging the trustees had breached their fiduciary duty.