A commercial policyholder's bankruptcy filing can raise many questions, not only for its insurer but also for its agent or broker, claim administrator and premium financing lender. This article is intended as a brief introduction to the issues that should be considered when a policyholder files bankruptcy under chapter 7 or 11 of the Bankruptcy Code.

On August 2, 2016, the Department of Treasury (IRS) issued long-awaited Proposed Regulations affecting Section 2704 of the Internal Revenue Code ("Proposed Regulations") with respect to restrictions on the liquidation of an interest in certain family controlled corporations and partnerships. Advisors in the tax and estate planning community have been expecting these Proposed Regulations for some time; however, the magnitude of the changes has surprised many, which begs the question of whether the IRS has overstepped its authority.

I was writing articles lamenting the lack of any good news in the design and construction industries. Construction and design firms were slow or failing, construction unemployment was in the double digits and there were no tower cranes in the sky anywhere. Like Pete Seeger songs and 8-Tracks, those days seem like a distant memory.