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Centreville, DE
Centreville, DE

5721 Kennett Pike
Wilmington, DE 19807

Hockessin, DE
Hockessin, DE

724 Yorklyn Rd #100
Hockessin, DE 19707

Kennett Square, PA
Kennett Square, PA

209 East State Street
Kennett Square, PA 19348

West Chester, PA
West Chester, PA

17 West Miner Street
West Chester, PA 19382

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Home > Practice Area > Litigation > Banking & Finance Litigation

Banking & Finance Litigation Posts

What To Do If You Are Sued for a Preferential Payment by a Bankruptcy Trustee

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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Tenants by the Entirety: An Airtight Defense to a Collection Action

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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What To Do When You Are Served With A Complaint

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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What To Do If Your Property Was Just Sold At Tax Sale

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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Confessions of Judgment: What Are They and Why Should You Care

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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Patrick J. Gallo, Jr. Elected to CVC Board of Directors

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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The Delaware Supreme Court’s Attempt to Improve Work/Life Balance: A Pennsylvania Lawyer’s Thoughts

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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Michael G. Louis to Present at Greater West Chester Chamber’s Non-Profit Discussion

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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Let’s Talk Money: Who is Responsible for Attorneys’ Fees in Civil Litigation?

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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Secured Lending: Ways To Enhance Loan Enforcement Options

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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