As a business owner, one of the most important decisions of your business career is the decision to sell your business, and once you make the decision to sell, it can be a long and complicated process. To maximize the value of your business and to minimize obstacles and delays in getting to closing, you
Finance
Introducing a New Risk for Louisiana Loans Supported by Upstream and Cross-Stream Security: The Ten-Year Revocatory Action
By Eric Lockridge on
A 2013 change to Louisiana’s revocatory action now exposes a secured lender’s collateral and guarantees to the risk of avoidance litigation for ten years, up from three years, after the closing date.
Start here if you just asked, “What is a revocatory action?” This post explains how the revocatory action effects multi-party secured loans, and…