Murphy & King, Professional Corporation announced today that Kathleen R. Cruickshank and Christopher M. Condon have been elected Shareholders of the firm. Kathleen R. Cruickshank Ms. Cruickshank focuses her practice on representing debtors, trustees and creditors in a wide array of Chapter 11 and Chapter 7 bankruptcy cases and in...

Murphy & King Shareholder Ethan Jeffery recently discussed bankruptcy and financial restructuring with Ann Murphy on "OA on Air". During the interview, Attorney Jeffery reviewed a few of the reasons businesses get into financial difficulty even when the economy is good, and why it’s important to seek professional advice early.  Ethan...

Boston firm’s Bankruptcy and Restructuring Practice Designated in Top Tier in the Region in 2019 (Boston, MA) – May 7, 2019 – Murphy & King, P.C.announced today that, for the 13th consecutive year, the firm’s Bankruptcy and Financial Restructuring Practice has been recognized by Chambers and Partners in Chambers USA 2019 as...

Murphy & King Shareholder Andrew Lizotte shares his experience with Banker & Tradesman about the multiple paths that may lead to insolvency and best practices for resolving disputes with lenders and other creditors.

An arbitrator has rejected a $30 million claim by the Massachusetts Technology Park Corp. (MTC), and awarded KCST USA, f/k/a Axia NGNetworks USA, Inc., and Axia  NetMedia Corp. $12.2 million from MTC, a Commonwealth of Massachusetts state agency, in the dispute over the...

In a recent Radio Entrepreneurs podcast, we discussed the various circumstances under which principals of a company can be exposed to personal liability for the debts of that company, including potential liability for...

When a Ponzi scheme collapses, as they all eventually do, the court must develop a process for repayment of victims based upon the limited funds that may be available.  A critical component of this process is determining the amount of a victim’s claim that will share in any recovery.  The Second Circuit Court of Appeals recently issued a...

One of the principal benefits for an individual filing for bankruptcy is the so-called fresh start, that is, a discharge of liabilities that arose prior to the bankruptcy.  A recent decision of the Massachusetts Bankruptcy Court addressed the right to a discharge in relation to covenants not to compete with a former employer or...

In November 2016, we provided an update on a novel bankruptcy case addressing an individual’s right to exempt the value of their home under the Massachusetts homestead law.   Specifically, the case involved whether Massachusetts law could be applied to exempt the value of property located in another state (it can).  A Massachusetts bankruptcy...

Occasionally, a person or company in bankruptcy (the debtor) and a related person or company allow their financial affairs to become a bit too entangled. In these circumstances, bankruptcy courts may impose several remedies, one of which is substantive consolidation. Substantive consolidation effectively provides for the merger or combination of...