One of Your Corporate Clients Has Recently Filed for Bankruptcy

question 68

Essay

One of your corporate clients has recently filed for bankruptcy. In the course of the proceedings, you (a)prepare a plan of reorganization that alters the rights of preferred stockholders, (b)notify the company's creditors of an impending bulk transfer of the company's assets, (c)review IRS secured claims against these assets, (d)restructure the company's debt by reducing its principal amount and extending its maturity, and (e)advise the bankruptcy court as to how this restructuring will impact the company's NOLs. Which of these activities, if any, constitutes the unauthorized practice of law?

---

Definitions:

Histories

The study and documentation of past events, particularly in human civilization.

ESP

Stands for Extrasensory Perception, which involves acquiring information without using the known human senses.

Psychokinesis

The claimed paranormal ability whereby a person can influence a physical system without physical interaction.

Parapsychology

A field of study that investigates paranormal phenomena and psychic abilities, such as telepathy and clairvoyance, often considered outside the realm of conventional psychology.