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?

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Definitions:

Father-Absent Families

Describes family situations where the father is physically absent from the household, impacting family dynamics and child development.

Sexually Promiscuous

Exhibiting or characterized by involvement in a variety of sexual relationships with little or no emotional commitment.

Contraceptives

Methods or devices used to prevent pregnancy.

Unmarried Teens

Refers to adolescents who are not legally married or in a marital-like relationship.