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When a debtor files for bankruptcy, certain debts, classified as non-dischargeable under Section 523 of the Bankruptcy Code, cannot be eliminated. Creditors must understand these exceptions and act promptly to protect their rights and maximize recovery.
The U.S. Supreme Court ruled in E.M.D. Sales, Inc. v. Carrera that employers can prove FLSA overtime exemptions by a "preponderance of the evidence" instead of the stricter "clear and convincing evidence" standard, favoring employers.
Patents are vital for protecting and leveraging intellectual property, offering a competitive edge, market exclusivity, and potential revenue through licensing.
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