Banking & Finance Litigation Posts
Posted June 17, 2019
By Leo M. Gibbons, Esquire- When one of your customers files bankruptcy, it can cause significant disruption in your own business, especially where you do substantial business with that customer, or it files for bankruptcy owing you a substantial amount of money. The impact on your business includes not only the prospect of not being […]
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Posted May 14, 2019
By Michael G. Louis, Esquire- I have had two recent clients who were able to convey their homes worth over a million dollars that were owned by the husband and wife, as tenants by the entirety, even though there was a judgment against one spouse or the other but not both at the time of […]
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Posted May 6, 2019
By Michael G. Louis, Esquire- The first thing to do after being served with a Complaint is to immediately send a copy of it to your attorney and if you don’t have one, hire one. Too often I talk to clients after they have allowed the party suing them to obtain a judgment against them. […]
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Posted October 9, 2018
By Michael G. Louis, Esquire– Anyone that owns a property in Pennsylvania is at risk of having their property sold at tax sale if they don’t pay their real estate taxes for two years. The next year your property will be listed for an Upset Tax Sale. What is a tax sale? There are several […]
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Posted August 20, 2018
By Michael G. Louis, Esquire– What is a Confession of Judgment A confession of judgment is a pleading filed in the Court of Common Pleas of Pennsylvania that gives the Plaintiff an immediate judgment against the Defendant without prior notice and an opportunity to be heard in court by the Defendant. Who Uses Confessions of […]
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Posted July 31, 2018
MacElree Harvey, Ltd. is pleased to announce that Patrick J. Gallo, Esq. has been elected to the Board of the Crime Victims’ Center of Chester County. The Crime Victims’ Center of Chester County, Inc. (CVC) is a nonprofit agency providing free, immediate, and confidential crisis response and compassionate support to children and adults impacted by […]
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Posted July 19, 2018
By Isaac J. Jean-Pierre, Esquire According to a July 18, 2018 press release from the Delaware Supreme Court, all Delaware State Courts will embrace new standards aimed at improving the work/life balance for legal professionals working in the state. The most significant change, slated to take effect on September 14, 2018, requires Delaware State Courts […]
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Posted April 3, 2018
Michael Louis, chair of the MacElree Harvey’s Banking and Finance Litigation Practice, will be a panelist at the Greater West Chester Chamber’s Non-Profit Discussion session “Legal Issues for Nonprofit Boards” on Thursday, May 10, 2018. Click here for more information and to register. Michael’s personal practice supports the needs of businesses and homeowners in a […]
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Posted March 26, 2018
By Brian J. Forgue One of, if not the first question I am asked by new clients faced with litigation, plaintiffs and defendants alike, is, “well, if I win, the other side has to pay my attorneys’ fees, right?” It is important to know that this is a remarkably common misconception about litigation in Pennsylvania […]
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Posted May 9, 2017
By Leo M. Gibbons The ability to confess judgment is a powerful tool for a creditor. Lenders regularly employ provisions permitting confessions of judgment as a standard remedy where a borrower is in default. The language permitting the lender to confess judgment is contained in a warrant of attorney. While the mere inclusion of the warrant […]
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