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Bankruptcy Law - Product Update
5/22/2008 2:50:49 PM EST
LexisNexis Bankruptcy Law Center Staff
New! The LexisNexis Bankruptcy Law Practice Center
LexisNexis is pleased to announce the launch of its newest Transactional Advisor Practice Center, The LexisNexis Bankruptcy Law Practice Center
 
Lexis Transactional Advisor is a new solution that allows transactional attorneys to build an intelligent roadmap for their clients’ success with LexisNexis content and capabilities specifically for their transactions. This tab on lexis.com leads to key steps in the transactional workflow. Transactional Advisor helps lawyers ANTICIPATE, ANALYZE, ADVISE, and ACT on behalf of their clients.  
As part of our transactional focus, we are building a solution that accounts for the overlap between transactional practice areas, as well as specific focus on individual practice areas. These Practice Centers map to the workflow of the individual practice areas. 
 
The Transactional Advisor launch page provides links out to specific Practice Centers, as well as quick-finds that allow customers to quickly access our robust forms collection and our multi-jurisdictional surveys with analysis. In addition, the front page highlights key Emerging Issues Commentaries that have relevance across multiple transactional practice areas. 
 
Transactional Advisor provides a cohesive view of related practice areas that align to the overlapping tasks of a typical transactional attorney.  In addition to the Bankruptcy Law Practice Center, customers can link to Practice Centers for Insurance; Commercial Law; Corporate, Business & Compliance; Environmental Law; International Law; and Real Estate, as well as M&A, Securities, Tax (Tax Center), and IP (TotalPatent).
 
Transactional Advisor enables users to:
 
Anticipate the impact of industry trends to provide long-term strategic counsel.
Analyze a broad range of legal issues within each key stage of a client matter.
Advise clients on complex matters with the backing of exclusive analysis from Matthew Benderand other authoritative sources.
Act on each client’s behalf with a broad range of practice forms and tools.
 
Our newest Practice Center, the Bankruptcy Law Practice Center, makes it easy to:
 
Stay abreast of current issues in just seconds:           
  1. Click on Track Emerging Issues (in left-hand navigation frame) to view content collections for:
    1. Pending bankruptcy legislation;
    2. Subprime Lending;
    3. Pensions; and
    4. Hedge Funds.
  2. Click within these collections to see, e.g., legislative forecasts and tracking, commentaries, and news articles.
  3. Via bottom Search frame, run individual, targeted searches within any of a variety of bankruptcy news sources, including: This Week’s Mega News, Bankruptcy Law; This Week’s Wall Street Journal; The Daily Deal; LexisNexis Bankruptcy Report; and the American Bankruptcy Institute Journal.
 
Interview and counsel consumer and commercial clients about bankruptcy options:
  1. Click on Interview and Counsel Client (in left-hand navigation frame).
  2. Select Counsel Commercial Clientfor more information about Chapter 7 and Chapter 11 bankruptcy options.
    • Click on Tax Planning for Corporate Debtorsto view a tax planning checklist and practice strategies for corporate Chapter 11 debtors.
  3. Select Means Test (Consumer Case) to learn more about the means test, a client’s eligibility for bankruptcy, and to access the most recent relevant forms and tables.
 
Investigate commercial clients by locating business and property information or investigate consumer clients by retrieving person or property information:
  1. Click on Perform Due Diligence (in left-hand navigation frame).
  2. Select Investigate Commercial Client.
    • Click on Company Dossier and then enter company name to view detailed information on a public or private company.
  3. Select Investigate Consumer Client.
    • Click on SmartLinx® - Person Summary Reports and then enter a client’s name, address, etc. to find out about his/her assets, lien filings, and bankruptcy filings.
 
Research issues related to Chapter 7, 11, 12, and 13 bankruptcies, previously filed plans of reorganization, briefs, motions, pleadings, plus news on current bankruptcies:
  1. Click on Research Bankruptcy Issues (in left-hand navigation frame).
  2. Select Research Chapter 11 Bankruptcy Issuesto learn more about commercial-oriented topics such as creditors’ committees, trustee duties, filing claims, and cram down.
  3.  Select Research Chapter 13 Bankruptcy Issuesto learn more about consumer-oriented topics such as trustee appointments and duties, co-debtor stays, enforcing the automatic stay, and dischargeability of debts.
 
Find out what is required for each type of commercial and consumer filing, the types of lists, schedules, and filings you need to prepare, plus locate specific forms:
  1. Click on Draft Schedules, Motions, and Plans (in left-hand navigation frame).
  2. Select Consumer Filing Checklists, then click on Chapter 13 to find out exactly what needs to be furnished to the bankruptcy clerk when filing a Chapter 13 petition (forms, fees, schedules, etc.).
  3. Select Draft a Chapter 11 Plan, then click on Find Sample Chapter 11 Plans > Sample Plan to view a sample plan of reorganization.
           
Commence a voluntary bankruptcy case, begin or respond to an involuntary case, and file first-day motions:
  1. Click on File (in left-hand navigation frame).
  2. Select File First-Day Motions, then click on any of the links within to learn more about how to draft pleadings seeking relief for various administrative matters at the inception of the Chapter 11 case.
 
Draft a retainer agreement, navigate the maze of compensation provisions, and locate new commercial clients:
  1. Click on Manage Client Relationship (in left-hand navigation frame).
  2. Select Comply with Debt Relief Agency Provisions to learn more about whether an attorney is subject to certain restrictions on the actions of debt relief agencies that went into effect via the 2005 Act.
  3. Select Locate New Commercial Clients.
·         Click on Troubled Company Reporter and run searches in this file, updated daily, to learn more about financially strained companies with assets of over $10 million.
 
Uncover information about major players in your litigation, defend an adversary proceeding, and modify, maintain, or enforce the automatic stay:
  1. Click on Litigation (in left-hand navigation frame).
  2. Select Research Judges, Attorneys, and Companies, then click on CourtLink® Litigant, Attorney, & Judge Strategic Profiles to get access to all of the documents filed during the course of a bankruptcy proceeding.
·         Within CourtLink, select the Search tab. Click “Search” under Search Tools.
·         Under Select Courts, choose the Federal Bankruptcy Template. Hit next.
·         Enter as the debtor business name “new century trs” to retrieve the Chapter 11 filing for this recent subprime-related corporate bankruptcy.
 
  1. Via bottom Search frame, select Federal and State Bankruptcy Briefs and Motions, Combined and enter as the search terms “Piccadilly Cafeterias” to see initial and amicus briefs filed in this pending 2008 U.S. Supreme Court case.
 

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