Wilson Worley Attorneys Obtain Favorable Verdict in Auto Injury Case
Wilson Worley shareholder, Steve Huret, and associate, Katie Steffen, recently obtained a favorable verdict on behalf of their client, who was the defendant in an automobile injury lawsuit. The lawsuit was tried before a jury in one (1) day in Sullivan County Circuit Court. The defendant admitted fault for the car wreck, but she died during the pendency of the lawsuit. The defendant’s daughter, who is the executrix of the defendant’s estate, was substituted as the named defendant. The plaintiff driver alleged that the accident left her with residual neck pain that eventually evolved into numbness and tingling sensations that
Creditors Holding Underwater Secured Claims in Bankruptcy Thrown Lifeline by SCOTUS
On June 1, 2015, the Supreme Court of the United States (“SCOTUS”) issued its opinion for a pair of cases, which yielded a favorable holding for secured creditors in bankruptcy. The cases of Bank of America, N.A. v. Caulkett and Bank of America, N.A. v. Toledo-Cardona involved debtors who were in Chapter 7 bankruptcy and who each owned a home encumbered with a senior mortgage lien and a junior mortgage lien. In both cases, the values of both houses were less than the senior mortgage lien, which left the junior mortgage liens wholly underwater. Both debtors sought to void the
You Have an Estate Plan…But Does Your Business?
According to the U.S. Small Business Administration, approximately 28 million small businesses operate in our country today. Needless to say, small businesses owners have a direct impact on our economy, and also provide direct financial support for their families through their endeavors. Devoted to its day-to-day operations, small business owners often fail to consider the impact their death or incapacity would have on the future of their business, and in turn, how their families would be impacted in the absence of funds generated from their professional efforts. Without a plan for succession, family members may find themselves running the business with