In The News

Roundtable Led by Will Cheek: “State ABC Mergers with Other State Agencies”

Will Cheek led a roundtable discussion entitled “State ABC Mergers with Other State Agencies” at the annual meeting of the National Association of Licensing and Compliance Professionals.


  Missouri recently merged its ABC with its Revenue Department, getting rid of almost all its agents in the process.  Tennessee, Texas and other states have been looking at mergers to save costs.


NALCP is an organization of in-house hospitality licensing and compliance professionals specializing in retail liquor licensing.   Mr. Cheek has been an active supporter of the organization and serves as general counsel to the nonprofit.


 

Stephen Zralek’s WaterCooler Networking Event to Feature “Molding Your Image in a 24/7 World”

The next WaterCooler event is set for Monday, October 11, 2010 from 5:30 to 7pm at Fish & Co.   Co-hosted by Stephen Zralek of Bone McAllester Norton, Renata Soto of Conexión Américas and Wade Munday, WaterCooler is an open invitation, informal networking group for young entrepreneurs.  Bring your friends and please RSVP to Kristi at This email address is being protected from spambots. You need JavaScript enabled to view it..


Join us for after-work drinks and networking as we welcome WKRN anchor Christine Madella.  In addition to serving as an anchor, Christine is also a media consultant for entertainers, athletes and organizations.  She will lead a discussion on molding your image in a world where we are constantly connected, as individuals and organizations, whether through social media or traditional media.

Christine was one of the early reporters to use Twitter as a journalist, and is credited for having broken the news of Steve McNair's death on Twitter.  With over 4,000 followers on Twitter, you can follow her here: www.twitter.com/christnemaddela

We will meet at Fish & Co. (formerly Miro District), near Vanderbilt.  Come check out the new restaurant, which has garnered great reviews.  When you enter, go upstairs and to the back of the room.


Please RSVP to Kristi at This email address is being protected from spambots. You need JavaScript enabled to view it. by Friday, October 8, so that we can give Fish & Co. an accurate headcount.  Feel free to invite your friends.


WaterCooler Presents
Christine Maddela
"Molding Your Image in a 24/7 World"
Monday, October 11, 2010
5:30- 7:00 PM
Fish & Co.
(1922 Adelicia Street)
$10 includes food with cash bar


WaterCooler is an informal networking group for young entrepreneurs in their 20s, 30s and 40s that meets the second Monday of every month from 5:30-7pm for cocktails, networking and the chance to hear vibrant speakers on a variety of topics.  There is no official membership and no dues -- just come when the speaker interests you.

WaterCooler began in September 2009 and has featured the following speakers/topics:

September 2009: Kimberly Pace (Owen School): "Personal Marketing"
October 2009: Clint Smith (Emma): "The Art of Everyday Innovation"
November 2009: Chris Ferrell (SouthComm): "The Changing Delivery of Information"
December 2009: Becca Stevens (Magdalene/Thistle Farms): "Walking in Gratitude"
January 2010: Freddie O'Connell (SearchViz): "Search Engine Optimization"
February 2010: Bob Bernstein (Bongo Java)/Jose Gonzalez (Belmont): "Entrepreneurship with Heart"
March 2010: Sid Chambless (Nashville Capital Network): "Investment Capital for Young Entrepreneurs"
April 2010: Networking for WaterCooler attendees
June 2010: Laura Creekmore (Creekmore Consulting): "Using Social Media as a Young Entrepreneur"
July 2010: Alan Young (Armor Concepts LLC): "Secrets of Starting a Successful Company"
September 2010: Ed Nash (Oxford Fine Arts): "The Art of Buying Fine Art"


 

Time is On Your Side: 4 Tips for Collections in a Recovering Economy

By David M. Anthony


Despite the constant reports of rising foreclosure rates and bankruptcy filings, the news world was abuzz last week about the report from the National Bureau of Economic Research (NBER) that the Great Recession had ended…in June 2009. This surely came as a surprise to loan officers and small businesses everywhere who are seeing their fair share of loan defaults and increasingly uncollectable accounts receivable.


Anticipating this response, the NBER explained that, while the economy had not yet returned to operating at normal capacity, the worst was behind us. While this good news doesn’t put money into hands today, here are some things any creditor should bear in mind while we wait for the economy to fully recover.


There’s time to be patient.  In Tennessee, the statute of limitations for collection on an unpaid debt is six (6) years, pursuant to Tenn. Code Ann. § 28-3-109. Then, once you sue and obtain a judgment (within six years from the date of the default), your judgment is valid for ten years, pursuant to Tenn. Code Ann. § 28-3-110.  Plus, if your judgment remains unpaid at the end of the ten years, Tennessee judgments can be renewed pursuant to § 28-3-110 for another ten year period.


Don’t wait to act.  In some instances, it may make sense to take no action on unpaid debt. Maybe the customer is a company that has gone out of business and has no remaining assets, or maybe they’ve filed a liquidation bankruptcy.  This is where you make the “don’t throw good money after bad” decision and possibly decide to write this debt off.


But, remember, the first creditor to obtain a judgment is the first in line to seize assets. Granted, you could be the first in line and discover there are no assets, but you should nevertheless record your judgment as lien in the real property records. For less than $25 in filing fees, a creditor can record a certified copy of its judgment in any and all Tennessee counties where the debtor owns real property, and that judgment becomes a lien on any real property owned by the debtor.


Even if they don’t have any equity in their property today, the situation could well be different in ten years (judgment liens remain valid as long as the underlying judgment is valid). What’s more, your lien’s reach will capture any real property they obtain during the life of the lien. In the end, sooner or later, your debtor will have to deal with you, whether it be as part of a purchase of new property, a sale, or a refinance.


Bend, don’t break. Sometimes, it’s important to recognize when a debtor truly lacks any assets to pay toward your debt. When this is the case, aggressive collections—whether it be seizing a work truck or all funds out of a bank account—may put that debtor out of business and, possibly, into a bankruptcy filing. A judgment creditor can take depositions and request financials from their debtor, and this information may assist you in determining whether they aren’t paying anybody…or just aren’t paying you.


Bankruptcy doesn’t mean the process is over.  If your debtor does file a bankruptcy case, there’s still a chance of monetary recovery. In addition to the benefits to the debtor, the secondary point of the bankruptcy process is to maximize return for creditors prior to granting the debtor a discharge of his or her debts. But, in most instances, a creditor in bankruptcy only receives pennies on the dollar in the process.


Keep in mind, however, the success rate in Chapter 13 bankruptcy cases (where debtors repay a percentage of their debts over 3 to 5 years) can be as low as 20%, meaning that most of those cases end with a dismissal. A dismissal is good for a creditor, because there is no discharge of the debt. Instead, the full amount remains due and owing. Debts are eliminated only when debtors receive a “discharge.” That’s an important distinction to know.


Finally, remember that a bankruptcy discharge only discharges “debts”—not “lien” rights. So, if you’ve already obtained a judgment and recorded it as a lien, then your lien on the debtor’s property survives the bankruptcy discharge. As a result, even though you can’t collect your debt, you can enforce your lien in the event of an attempted sale or refinance.


In the end, collection is a process that rewards the patient, especially in a recovering economy. But, a successful creditor must be prepared, and being prepared means having a valid judgment in place and exhausting all enforcement remedies before giving up. We all hope that the reports are right, and, if they are, the steps you take today will help make sure you’re paid in the future.


David M. Anthony practices with Bone McAllester Norton PLLC in the firm’s Creditors’ Rights practice group, and he regularly writes about issues impacting bankruptcy, judgment collection, and lien litigation at his blog, Creditors Rights 101, www.creditorsrights101.com.


 

Stephen Zralek to Present How to Protect Against a Lawsuit when Using Social Media

Bone McAllester Norton attorney Stephen Zralek will present a session titled How to Protect Against a Lawsuit when Using Social Media at BarCamp Nashville on Saturday, October 16th at Cadillac Ranch.


 Stephen will be among dozens of presenters at this free, new-media focused “unconference” which brings together the brightest minds from the new media, tech, entrepreneurial and “geek” communities.


Below is an overview of Stephen’s topic:


Legal issues are often the last thing people think of when using Twitter, Facebook or blogging. They say that ignorance is bliss, but ignorance of the law is never an excuse in court.


We will explore issues that every social media user needs to know to help protect against a lawsuit, ranging from copyrights and trademarks (copying others’ content, photos or logos) to fair use, privacy & terms of use, along with questions from the audience.


Learn more and register for BarCamp Nashville.





 

Bonelaw Board Chair, Stacey A. Garrett Goes Extreme

By Stacey A. Garrett


When the Special Olympics of Tennessee announced it was bringing its “Over the Edge” fundraiser to the Nashville City Center for anyone brave enough to rappel down the side of the 27-story downtown high rise, Bone McAllester Norton attorney and Board Chair Stacey Garrett said, “Sign me up!”  But, WHY?  Read her story.


Yes, I did!  I rappelled our 27-story building.


It all started after reading an email announcing a fundraiser for the Special Olympics of Tennessee to sponsor a year round sports training and athletic competition for more than 16,000 children and adults with intellectual disabilities.  Those raising at least $1,000 to support the cause would be among the persons selected to rappel from the downtown Nashville City Center, which is 27 stories and over 400 feet.


Truth is, I never gave it a second thought and signed up within 5 minutes of receiving the email.  It seemed like the experience of a lifetime and a great challenge to advocate for a special organization.


So, the answer to my most frequently asked question, “But WHY!?” is -- it was a natural response from a very adventurous spirit.  And, the answer to the next question, “Are you crazy?” -- definitely not.


The fundraising challenge became an incredible source of fun as I worked to develop, promote and manage my own fundraising webpage and spread the word about the campaign.  Learning about the Special Olympics of Tennessee was a wonderful experience.  The best advocate is a believer in his or her cause, and throughout this process, I learned more and more about the truly special cause this organization supports.  It was amazing to see the event participants become vocal and active advocates of the Special Olympics of Tennessee.


With the fundraising goal met, I was assigned to rappel on Friday, September 10 at 3:00 p.m.  An exciting idea was about to become a reality.


The day was met with persistent and heavy rain.  Driving up to the Nashville City Center (where I work) and watching the rappellers even in the hard rain, I wasn’t sure how I felt. Was it fear? Would I actually go through with it?  In reality, I had no idea how I would react when the time came, because the experience was unknown and it was the fear of the unknown that was most distressing.


I was watching the weather radar nonstop and praying suddenly it wouldn’t rain (or at least not so hard) when 3 pm arrived and, amazingly, the sun came out.  My worried parents camped out with family, friends and our entire office to watch.


Stepping off the elevator on the 27th floor, I thought about turning around.  Standing there was one of the Special Olympics participants to cheer and thank us, and I couldn’t walk away.  The volunteers there to help us at the top were from different places.  Some worked in power plants and hung in ropes for a living.  Each and every one of them was an incredible source of support.


I will never forget climbing out onto the ledge on my knees. In that moment, feeling nothing around me, I realized there was no turning back.  Taking a deep breath, I slowly sat back but was unable to move downward due to the weight of the rope. After several seconds in a completely horizontal position and not moving, I quickly jumped back on the ledge.


With the encouragement of the volunteers, I tried once more. I remember being told: “Stacey, girl, you are already over the edge. It is that easy. You did it. Now keep going.”


Things went okay for the first six stories, but then my foot slipped off a wet window and I began swinging and couldn’t get traction for my foot. I admit I panicked a bit. But, I vividly recall that in the next second, I heard the Bone McAllester Norton team cheering me on loud and clear and, in that instant, realized my surroundings. Those cheers were enough to allow me to thoughtfully find a place to put my feet for traction and to keep going down.  Watching the video, it is clear to me when all this occurred. It is a very brief time on tape, but at the moment, it seemed an eternity.


Although the trek down seemed an eternity, when my feet touched the ground at the end, a smile was on my face.  It wasn’t relief to be on the ground, but rather the realization that I had conquered fears I never knew I had. I had tested and can now attest to the fact that all you need to accomplish your goals is within you.  I met incredible people and had a great time learning about and supporting the Special Olympics of Tennessee.  And, in the end, it was a true adventure.







 

Will Cheek to Serve on the NCSLA 2011 Annual Conference Planning Committee

Will Cheek has been selected by the National Conference of State Liquor Administrators to serve on the NCSLA 2011 Annual Conference Planning Committee.


  The organization held its first meeting at Spring Creek Ranch, in Jackson Hole, Wyoming earlier this month.  The Committee will plan the business and social agendas for the 2011 conference, which is projected to be attended by hundreds of liquor regulators and industry members from across the United States.  This month's meeting centered on planning the program for the conference, which will cover developing legal and business issues for the liquor industry.  The eleven person committee serves as the host for the 2011 conference, to be held at the Wynn Casino in Las Vegas in June 2011.


 

Will Cheek Produces Program on Belmont University’s Law School

Bone McAllester Norton attorney Will Cheek produced a program about Belmont University's new law school for the September meeting of Lawyer's Association for Women.


  The program featured Dean Chris Guthrie of Vanderbilt Law School and Dean Jeff Kinsler of the new Belmont College of Law.  The program was moderated by Federal Court of Appeals Judge, Honorable Martha Craig ("Cissy") Daughtery.  Belmont is Tennessee's first new law school in over 100 years.


Will has produced programs for LAW for a number of years and has been active in the organization since he graduated from law school in 1991.

 

Bone McAllester Norton Ranked 2010 Best Law Firms By U.S. News Media Group and Best Lawyers

U.S. News Media Group and Best Lawyers have released the 2010 Best Law Firms rankings, marking the inaugural publication of this highly-anticipated annual analysis.


 The rankings, including 30,322 rankings of 8,782 law firms in 81 practice areas, are posted online at www.usnews.com/bestlawfirms; the national first-tier rankings will be featured in the October print issue of U.S.News & World Report, which will go on sale September 27.


Bone McAllester Norton received first tier rankings in the Metropolitan Rankings category for Employment Law – Individuals and Personal Injury Litigation – Plaintiffs.


These inaugural rankings, which are presented in tiers both nationally and by metropolitan area or by state, showcase 8,782 different law firms ranked in one or more of  81 major practice areas. Full data is available online for the law firms that received rankings, from the largest firms in the country to hundreds of one-person and two-person law firms, providing a comprehensive view of the U.S. legal profession that is unprecedented both in the range of firms represented and in the range of qualitative and quantitative data used to develop the rankings.


The mission of Best Law Firms from the start has been to help guide referring lawyers and clients – from the country’s largest companies needing corporate legal advice to individuals needing to get a divorce or write a will, along with referring lawyers everywhere, who need an especially high level of legal work because of the particularly difficult legal issues presented, or else legal issues of a particular magnitude – issues that have a bet-the-company implication for a corporation or a potentially life-changing result for an individual.


"U.S. News has more than two decades of experience in providing the public with the most accurate and in-depth rankings of a wide range of institutions, including our Best Law Schools rankings," says Tim Smart, Executive Editor of U.S. News & World Report. "This experience, coupled with our growing reputation as a leading career information resource, makes these law firm rankings a logical next step.”


“U.S. News is the world’s leading publisher of institutional rankings based on both objective data and peer evaluations,” says Steven Naifeh, President of Best Lawyers. “We are combining this expertise with Best Lawyers’ experience of providing rankings of individual lawyers based on peer reviews for almost three decades. By combining hard data with peer reviews, and client assessments, we believe that we are providing users with the most thorough, accurate, and helpful rankings of law firms ever developed.”


We were very pleased with the level of response to national surveys, in which major clients and leading lawyers were asked to rate the law firms they consider best in their practice area. In the end, 9,514 clients – including every Fortune 100 company and 587 of the Fortune 1000 companies – provided 194,370 firm practice-area evaluations; 6,190 clients provided 11,181 comments about law firm practice areas and individual lawyers; and 8,842 lawyers provided 594,012 firm practice-area evaluations.


These reputational survey responses were combined with more than 3.1 million evaluations of individual lawyers in these firms in the most recent Best Lawyers survey of leading lawyers.  Hard numbers were also used to develop the practice area rankings — data about numbers of lawyers and their previous experience, numbers of clients within different billing ranges, numbers of transactions and litigation matters at different dollar levels; pro-bono commitment, diversity, and other objective data.


Achieving a high ranking is a special distinction that signals a unique combination of excellence and breadth of expertise.


About the U.S. News Media Group
The U.S. News Media Group is a multi-platform digital publisher of news and analysis, which includes the monthly U.S. News & World Report magazine, the digital-only U.S. News Weekly magazine, www.usnews.com, and www.rankingsandreviews.com. Focusing on Health, Money & Business, Education, and Public Service/Opinion, the U.S. News Media Group has earned a reputation as the leading provider of service news and information that improves the quality of life of its readers. The U.S. News Media Group’s signature franchises include its News You Can Use® brand of journalism and its “America’s Best” series of consumer guides that include rankings of colleges, graduate schools, hospitals, health plans, and more.


About Best Lawyers
Best Lawyers is the oldest and most respected peer-review publication in the legal profession. For over a quarter century, the company has helped lawyers and clients find legal counsel in distant jurisdictions or unfamiliar specialties. The 2011 edition of The Best Lawyers in America includes 41,385 lawyers covering all 50 states and the District of Columbia and is based on more than 3.1 million detailed evaluations of lawyers by other lawyers. At www.BestLawyers.com, Best Lawyers also publishes peer-reviewed listings of lawyers in most of the world’s major legal markets. Best Lawyers lists are excerpted in a wide range of general interest, business and legal publications worldwide, reaching an audience of more than 17 million readers.


 

Bone McAllester Norton Ranked 2010 Best Law Firms By U.S. News Media Group and Best Lawyers

U.S. News Media Group and Best Lawyers have released the 2010 Best Law Firms rankings, marking the inaugural publication of this highly-anticipated annual analysis.

 The rankings, including 30,322 rankings of 8,782 law firms in 81 practice areas, are posted online at www.usnews.com/bestlawfirms; the national first-tier rankings will be featured in the October print issue of U.S.News & World Report, which will go on sale September 27.

Bone McAllester Norton received first tier rankings in the Metropolitan Rankings category for Employment Law – Individuals and Personal Injury Litigation – Plaintiffs.

These inaugural rankings, which are presented in tiers both nationally and by metropolitan area or by state, showcase 8,782 different law firms ranked in one or more of  81 major practice areas. Full data is available online for the law firms that received rankings, from the largest firms in the country to hundreds of one-person and two-person law firms, providing a comprehensive view of the U.S. legal profession that is unprecedented both in the range of firms represented and in the range of qualitative and quantitative data used to develop the rankings.

The mission of Best Law Firms from the start has been to help guide referring lawyers and clients – from the country’s largest companies needing corporate legal advice to individuals needing to get a divorce or write a will, along with referring lawyers everywhere, who need an especially high level of legal work because of the particularly difficult legal issues presented, or else legal issues of a particular magnitude – issues that have a bet-the-company implication for a corporation or a potentially life-changing result for an individual.

"U.S. News has more than two decades of experience in providing the public with the most accurate and in-depth rankings of a wide range of institutions, including our Best Law Schools rankings," says Tim Smart, Executive Editor of U.S. News & World Report. "This experience, coupled with our growing reputation as a leading career information resource, makes these law firm rankings a logical next step.”

“U.S. News is the world’s leading publisher of institutional rankings based on both objective data and peer evaluations,” says Steven Naifeh, President of Best Lawyers. “We are combining this expertise with Best Lawyers’ experience of providing rankings of individual lawyers based on peer reviews for almost three decades. By combining hard data with peer reviews, and client assessments, we believe that we are providing users with the most thorough, accurate, and helpful rankings of law firms ever developed.”

We were very pleased with the level of response to national surveys, in which major clients and leading lawyers were asked to rate the law firms they consider best in their practice area. In the end, 9,514 clients – including every Fortune 100 company and 587 of the Fortune 1000 companies – provided 194,370 firm practice-area evaluations; 6,190 clients provided 11,181 comments about law firm practice areas and individual lawyers; and 8,842 lawyers provided 594,012 firm practice-area evaluations.

These reputational survey responses were combined with more than 3.1 million evaluations of individual lawyers in these firms in the most recent Best Lawyers survey of leading lawyers.  Hard numbers were also used to develop the practice area rankings — data about numbers of lawyers and their previous experience, numbers of clients within different billing ranges, numbers of transactions and litigation matters at different dollar levels; pro-bono commitment, diversity, and other objective data.

Achieving a high ranking is a special distinction that signals a unique combination of excellence and breadth of expertise.

About the U.S. News Media Group
The U.S. News Media Group is a multi-platform digital publisher of news and analysis, which includes the monthly U.S. News & World Report magazine, the digital-only U.S. News Weekly magazine, www.usnews.com, and www.rankingsandreviews.com. Focusing on Health, Money & Business, Education, and Public Service/Opinion, the U.S. News Media Group has earned a reputation as the leading provider of service news and information that improves the quality of life of its readers. The U.S. News Media Group’s signature franchises include its News You Can Use® brand of journalism and its “America’s Best” series of consumer guides that include rankings of colleges, graduate schools, hospitals, health plans, and more.

About Best Lawyers
Best Lawyers is the oldest and most respected peer-review publication in the legal profession. For over a quarter century, the company has helped lawyers and clients find legal counsel in distant jurisdictions or unfamiliar specialties. The 2011 edition of The Best Lawyers in America includes 41,385 lawyers covering all 50 states and the District of Columbia and is based on more than 3.1 million detailed evaluations of lawyers by other lawyers. At www.BestLawyers.com, Best Lawyers also publishes peer-reviewed listings of lawyers in most of the world’s major legal markets. Best Lawyers lists are excerpted in a wide range of general interest, business and legal publications worldwide, reaching an audience of more than 17 million readers.

 

Stephen Zralek's Watercooler Networking Event to Feature "The Art of Collecting Fine Art"

The next Watercooler networking event will be held on Monday, September 13, 2010, at 5:30 PM at the Stanford Fine Art Gallery in Belle Meade, at 6608 Highway 100, just past the Hwy 100/70 split.


  We have relocated this upcoming WaterCooler to allow our future host, Fish & Co, to complete its renovations.  There is no charge for attending this WaterCooler and complementary wine will be available.  What better reward for making the trek to the backwoods of Belle Meade than this informal networking and learning opportunity?  (Networking from 5:30 to 6:00; Ed begins his presentation around 6:00.)


"The Art of Collecting Fine Art"
with Ed Nash of Oxford Fine Arts


Please RSVP to Kristi at This email address is being protected from spambots. You need JavaScript enabled to view it. so that we can give an accurate headcount.  Feel free to invite your friends, and let us know of anyone else who should be on our list.


WaterCooler Presents
Ed Nash
"The Art of Collecting Fine Art"
Monday, 13 September, 2010
5:30- 7:00 PM
Stanford Fine Art Gallery
6608 Highway 100
Renata, Stephen, and Wade


WaterCooler is an informal networking group for young entrepreneurs in their 20s, 30s and 40s that meets the second Monday of every month from 5:30-7pm for cocktails, networking and the chance to hear vibrant speakers on a variety of topics.  There is no official membership and no dues -- just come when the speaker interests you.

WaterCooler began in September 2009 and has featured the following speakers/topics:

September 2009: Kimberly Pace (Owen School): "Personal Marketing"
October 2009: Clint Smith (Emma): "The Art of Everyday Innovation"
November 2009: Chris Ferrell (SouthComm): "The Changing Delivery of Information"
December 2009: Becca Stevens (Magdalene/Thistle Farms): "Walking in Gratitude"
January 2010: Freddie O'Connell (SearchViz): "Search Engine Optimization"
February 2010: Bob Bernstein (Bongo Java)/Jose Gonzalez (Belmont): "Entrepreneurship with Heart"
March 2010: Sid Chambless (Nashville Capital Network): "Investment Capital for Young Entrepreneurs"
April 2010: Networking for WaterCooler attendees
June 2010: Laura Creekmore (Creekmore Consulting): "Using Social Media as a Young Entrepreneur"
July 2010: Alan Young (Armor Concepts LLC): "Secrets of Starting a Successful Company"