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:

Nutrient

Substances obtained from food that are necessary for the body's growth, repair, and maintenance.

Burn Unit

A specialized hospital unit dedicated to the treatment of patients with severe burn injuries.

Partial-Thickness Repair

A surgical procedure involving the repair of a wound or injury that does not extend through the full thickness of the skin or tissue.

Wound Healing

The biological process by which the body repairs and regenerates skin and tissue after injury, involving various phases from clotting to tissue remodeling.