Tuesday, July 11, 2023

On May 15, 2023, we held a program on the U.S. Supreme Court's decision in the Dobbs case.  Here's a link to view the online presentation: 




https://tufts.zoom.us/rec/share/J1D4YvrLVEyzZfwsX5nz8Uxbo0pqoSCN6-RXCi9K7Mmc4YD88kzl-XBw2INYWCUm.n6ub5dNHVoJQgHaw

Wednesday, November 2, 2022

Register and Attend This On-Campus TLA Program on Nov. 15th — The Cutting Edge of Law, Biotech, and Life Sciences

REGISTER HERE

Location: Room 745, Dowling Hall

Date: November 15, 2022

Time: 6:00 pm to 8:30 pm

The biotech and life sciences industries are among fastest growing in Massachusetts and the United States and are ones in which Tufts Alumni have a particularly strong impact. As new technologies have permitted scientists to unlock genes and manipulate chemicals to develop life-changing and life-saving medicines, they have also raised challenging legal, economic, and ethical questions. Join the Tufts Lawyers Association for a stimulating discussion on the cutting edge of law, biotech, and life science featuring an illustrious panel of experts from various specialties in the field. Parking, food and drink will be provided.

Panelists for this event will include:

- Christopher Albert, E01, AG09, Principal, Hamilton Brook Smith Reynolds, P.C.

- Sandra S. Congdon, E97, EG99, Associate General Counsel, Tufts University

- Andrew J. Merken, A87, Partner, Co-Chair Life Sciences and Co-Chair Securities, Burns & Levinson, LLP

- Parid Sava, E09, Director, Business Development at Sarepta Therapeutics

Moderated by: Christopher R. Vaccaro, A81, Partner, Dalton & Finegold, LLP



 

Sponsored by Tufts Lawyers Association (TLA) New England

Wednesday, February 23, 2022

Lesson Learned from Law School

We appreciate your interest in our programming  Lessons Learned from Law School: A Welcome to the Tufts Lawyers Association (TLA) Law Student Group Circuit.  Whether you missed it or want to watch it again, I am happy to share with you the recording of the event.

Please be sure to join us at our upcoming event:

The evening begins with initial introductions and a panel discussion focusing on current issues in criminal law and procedure. The panel features former federal and state prosecutors, a current MA Appeals Court judge and a law professor. The discussion will include panelists sharing their experiences and insights on policy and practical issues related to criminal law.  The evening wraps up with plenty of time for Q&A and for all to speak in breakout rooms in more detail about their careers, law school, and other applicable topics.

Also, regardless if you are a student or an alumni,  if you are interested in contacting the Tufts Pre-Law Advisor, her info is Dovie.King@tufts.edu

If you have any questions about Tufts Lawyers Association or want to get more involved please contact Steve Feldman, TLA President, at steven.feldman@mmlawus.com

Thank you and we hope to see you on March 10!

Wednesday, January 12, 2022

The Truth About Bankruptcy: Debunking Five Common Myths, by Ethan D. Ganc, Esq.

Myth # 1: A company that files for bankruptcy is going out of business.

The fact that a company has filed for bankruptcy protection does not mean it is necessarily going out of business or ceasing operations. In fact, companies that just need some breathing space but have the prospect of rehabilitation can file for protection under Chapter 11, which is a reorganization proceeding. In very broad terms, Chapter 11 enables companies to continue their operations, address their outstanding debt, shed burdensome leases and other contracts, and reemerge at the end of the bankruptcy process. Alternatively, some companies use the Chapter 11 process to sell their assets as a going concern, which enables the buyer to continue to operate the same business under new ownership.  

 

Myth # 2: The best way to deal with a failed business is to file for Chapter 7.


In contrast to Chapter 11, Chapter 7 is a liquidation proceeding where the company that files for bankruptcy protection ceases operations. Chapter 7 may be an appropriate option for a business that has significant assets available for liquidation; however, Chapter 7 is rarely a good choice for a failed business that has few or no assets of value. Unlike an individual, a business that files for Chapter 7 does not receive a discharge (forgiveness) of its debts. More importantly, particularly for a closely held business, filing for Chapter 7 may result in unwanted scrutiny by the bankruptcy trustee (a third party appointed to marshal and liquidate assets) of the business owners’ compensation and other financial transactions with the company, which could result in an attempt by the trustee to recover payments made by the company to the business owners prior to the bankruptcy filing.

 

Myth # 3: A business or individual must be insolvent (i.e., its debts must exceed its liabilities) in order to be eligible to file for bankruptcy.


There is no requirement in any section of the Bankruptcy Code that a debtor (the company or individual that files for bankruptcy) be insolvent. In fact, it is not infrequently the case that debtors, both corporate and individual, have assets that exceed their liabilities. Businesses may have assets that exceed liabilities but may still benefit from filing for bankruptcy because it allows them to restructure certain debts and shed burdensome lease obligations and other contracts while continuing to operate as a going concern. As explained in the next section, because individuals who file for bankruptcy can exempt certain property from the reach of creditors, those individuals may have assets that exceed their liabilities but still be able to discharge certain debts by means of a bankruptcy filing.

 

Myth # 4: An individual who files for bankruptcy will lose all of his/her assets.


Both state and federal laws protect certain assets from the reach of creditors. These assets are called exempt assets. A few limited examples of exempt assets include federally qualified retirement accounts like 401(k)s, most ordinary household goods and furniture, some amount of equity in a home (this varies from state to state and under federal law), and some amount of equity in a car (this also varies). Exemptions allow a person to file for bankruptcy protection and still discharge his/her debts while keeping the exempt property.

 

Myth # 5: Personal income taxes are never dischargeable by an individual debtor in bankruptcy.


While personal income taxes of newer vintage are not discharged (forgiven) in bankruptcy, some income taxes that are older may be dischargeable. Generally speaking, if a specific tax return was last due more than three years before the bankruptcy filing, the return was filed more than two years before the filing, and there are no additional assessments relating to that tax year that occurred less than 240 days before the filing, the taxes for that year may be dischargeable.

 

If you have any questions about these or any other legal matters, please do not hesitate to contact TLA past-president, Ethan Ganc, Esq.

Ethan Ganc maintains a practice in New York City, where he serves clients in the areas of bankruptcy/creditors rights, business law, and commercial litigation, among others. Ethan was president of the TLA from 2014 to 2018, vice president from 2012 to 2014, and served on its board of directors from 2010 to 2017.

Thursday, January 6, 2022

TLA Opt-In 2022 Directory Is Updated!

TLA's Opt-In 2022 Directory now has 225 members!  Up by 75 new members since last year!

This directory of Tufts Lawyers is a great opportunity for referrals and collaboration.  We have a diverse group of TLA members from various practice areas and regions.  

Visit the TLA Opt-In 2022 Directory and, if you are not on it, please feel free to join.  Thanks to TLA Member, Dan Valentine for putting the directory together from the google form.  Here is a sample from the start of the directory:

If you want to learn more about the TLA, please contact me.

Tom Dunn, A00, TLA President
Pierce Atwood LLP
rtdunn@PierceAtwood.com

Wednesday, December 22, 2021

Lessons Learned from Law School: A Welcome to the Tufts Lawyers Association (TLA) Law Student Group (January 26, 2022 8-9PM ET)

Join us for an event that will feature a panel of Tufts alumni in the legal profession. Our panelists will explore their most interesting experiences, successes, mistakes, and lessons learned from their time in law school as part of a conversational and interactive platform.

This virtual event will be open to Tufts alumni in law school, current Tufts students, and any other alumni who wish to take part in a great chance to connect with current Tufts law students and other Tufts alumni!

The Law Student Group of the Tufts Lawyers Association is honored to welcome the following featured panelists:

· Newton Portorreal, A16, Judicial Law Clerk, U.S. Court of Appeals for the Third Circuit 

· Graham Rogers, A10, Associate, Gunderson Dettmer

· Jiabin Zhang, A16, Associate, Fragomen



REGISTER HERE

If you missed our Tufts Judicial Series with Hon. R. Guy Cole, Jr. -- watch it here!