Supreme Court Determines That Debtor’s Oral Statement About a Single Asset Constitutes a “Statement Respecting the Debtor’s Financial Condition” Such that the Debt is Not Non-dischargeable Under Bankruptcy Code Section 523(a)(2)(A)
By: Brian L. Bloom & Gerrick Warrington Discharged debts detrimentally drain the national economy. A bankruptcy discharge allows the debtor to be relieved from paying off his or […]
Banker Beware: The Ninth Circuit Says It’s Your Fault If You Don’t Know Who Pays You
1. Facts Freddie Fraudster[1] wholly owns and operates Loser LLC, an operating business with significant cash flow. Unbeknownst to anyone, over the span of several years Freddie diverts […]
Ninth Circuit Expands Paca Exposure For Factors
The U.S. Court of Appeals for the Ninth Circuit sharply expanded the scope of liability for factors dealing with fresh produce distributors. In doing so, the Ninth Circuit […]
Implications of the Changes to the LIBOR Rate on the Existing Loan Market
Following the financial crisis of 2007 and 2008 significant reforms were called for in the London Interbank Offered Rate (ICE LIBOR or “LIBOR”). These reforms were spurred by […]
Are You Ready For (CD) D-Day – May 11, 2018?
On May 11, 2016, FinCen (the Financial Crimes Enforcement network of the U. S. Treasury Department) issued a final rule regarding enhanced customer due diligence (“CDD”) requirements that […]
California Employers are No Longer Allowed to Inquire About an Applicant’s Criminal History Prior to Making a Conditional Offer of Employment
Assembly Bill 1088 (“AB 1088”), signed by Governor Jerry Brown on October 14, 2017, took effect on January 1, 2018, and added a section to California’s Fair Employment […]
Announcing Our New Website
As we launch our new website we have reflected on the fact that for more than three decades Frandzel has been a recognized leader, providing legal counsel and […]
The History of Fun, Gaming and Frandzel
In 1979, Bob Frandzel founded what is today known as Frandzel Robins Bloom & Csato, L.C. Bob, with his unbound energy and enthusiasm, envisioned a state of the […]
The Positive Commercial Real Estate Market Continues
The Commercial Real Estate Finance Council (“CREFC”), the trade association for the $3.9 trillion commercial real estate finance industry, started 2018 off with a bang in setting an […]