John B. LaRue Law Blog

If a party is charged with driving under the influence of alcohol (DUI), driving while intoxicated (DWI) or operating under the influence (OUI), there are numerous defenses he can raise prior to trial by way of a motion to suppress evidence or to dismiss the charges or during trial.

Having a Read More

Setoff is an equitable right of a creditor to deduct a debt it owes to the debtor from a claim it has against the debtor arising out of a separate transaction. For instance, if the debtor owes a prepetition debt to a particular creditor, and that creditor also owes a prepetition debt to the debtor, the creditor can setoff the debt which is owed to the debtor. The idea behind this is a time saver in canceling out debts because of seperate actions.  The Read More

An equity security holder is a holder of an equity security of the debtor in a bankruptcy case. Examples of an equity security are a share in a corporation; an interest of a limited partner in a limited partnership; or a right to purchase, sell, or subscribe to a share, security, or interest of a share in a corporation or an interest in a limited partnership.... Read More