James Olson is a Baltimore based attorney with a legal practice focused primarily in the areas of business bankruptcy, creditors' rights, workout, debt restructuring, asset protection and related litigation. Mr. Olson's practice is not limited to representation of either debtors or creditors. Rather, he represents all types of clients in the bankruptcy/debt restructuring arena, from national corporations to unemployed individuals (pro bono) - and everything in between.
You may also be interested in his current and archived quarterly newsletters that highlight issues in the area of debtor/creditor relations. James Olson is pleased to communicate with you concerning legal matters. However, if you communicate with him through this website regarding a matter for which he does not already represent you, your communication may NOT be treated as privileged or confidential, and will NOT create an attorney/client relationship.
You should NOT provide confidential information to Mr. Olson or any attorney by email or in any other manner unless you have first entered into a representation agreement.
You may also be interested in his current and archived quarterly newsletters that highlight issues in the area of debtor/creditor relations. James Olson is pleased to communicate with you concerning legal matters. However, if you communicate with him through this website regarding a matter for which he does not already represent you, your communication may NOT be treated as privileged or confidential, and will NOT create an attorney/client relationship.
You should NOT provide confidential information to Mr. Olson or any attorney by email or in any other manner unless you have first entered into a representation agreement.
Services
James Olson entered the practice of law in 1982, following his graduation from Columbia Law School.
Initially, Mr. Olson became associated with the firm of Booth, Lipton & Lipton, a general practice firm of approximately 30 attorneys located in Manhattan.
Mr. Olson immediately became involved in the firm's active bankruptcy practice, which included representation in large Chapter 11 cases such as Continental Airlines.
In 1987, Booth, Lipton and Lipton merged with Parker, Chapin Flattau & Klimpl, a mid-sized Manhattan law firm.
Initially, Mr. Olson became associated with the firm of Booth, Lipton & Lipton, a general practice firm of approximately 30 attorneys located in Manhattan.
Mr. Olson immediately became involved in the firm's active bankruptcy practice, which included representation in large Chapter 11 cases such as Continental Airlines.
In 1987, Booth, Lipton and Lipton merged with Parker, Chapin Flattau & Klimpl, a mid-sized Manhattan law firm.
Chapter 11 of the Bankruptcy Code provides a mechanism for businesses experiencing financial problems to restructure and reduce debt through a court-approved plan of reorganization.
Through a Chapter 11 bankruptcy case, a struggling company may be able to reschedule secured bank debt, reduce the amount of accounts payable, extend payments over longer time periods, or cure existing defaults.
The provisions of Chapter 11 are flexible, in order to permit creative solutions to business financial problems.
Through a Chapter 11 bankruptcy case, a struggling company may be able to reschedule secured bank debt, reduce the amount of accounts payable, extend payments over longer time periods, or cure existing defaults.
The provisions of Chapter 11 are flexible, in order to permit creative solutions to business financial problems.
The Bankruptcy Code permits a trustee or a Chapter 11 debtor to recover payments made to creditors within 90 days prior to the commencement of the bankruptcy case.
In the case of payments to creditors who were also insiders of the debtor, the look-back period is one year, rather than 90 days.
These payments to creditors, which are recoverable because of their proximity to a bankruptcy filing, are called "preferences".
Preferences are payments of legitimate debts shortly prior to the commencement of a bankruptcy case.
In the case of payments to creditors who were also insiders of the debtor, the look-back period is one year, rather than 90 days.
These payments to creditors, which are recoverable because of their proximity to a bankruptcy filing, are called "preferences".
Preferences are payments of legitimate debts shortly prior to the commencement of a bankruptcy case.
Disposition of the assets of a debtor does not always take place in the context of a bankruptcy case.
Although less used, the Maryland state courts also have procedures for the liquidation of assets and payment of creditors through receiverships and assignments for the benefit of creditors.
A receivership is a creditor remedy.
Where a debtor is wasting or destroying assets a creditor may petition the Circuit Court for the appointment of a receiver to take control of the debtor's assets and liquidate them in an orderly manner for the benefit of creditors.
Although less used, the Maryland state courts also have procedures for the liquidation of assets and payment of creditors through receiverships and assignments for the benefit of creditors.
A receivership is a creditor remedy.
Where a debtor is wasting or destroying assets a creditor may petition the Circuit Court for the appointment of a receiver to take control of the debtor's assets and liquidate them in an orderly manner for the benefit of creditors.
James Olson believes that the practice of law should include the representation of clients without charge, where a client's financial circumstances leave the individual unable to pay the normal cost of legal services.
Representing clients without charge is referred to by the Latin phrase pro bono publica, meaning "for the public good", or "pro bono" for short.
Mr. Olson typically represents several clients each year on a pro bono basis.
However, Mr. Olson accepts referrals of pro bono cases from the Maryland Volunteer Lawyers Service, rather than accepting pro bono representation directly from prospective clients.
Representing clients without charge is referred to by the Latin phrase pro bono publica, meaning "for the public good", or "pro bono" for short.
Mr. Olson typically represents several clients each year on a pro bono basis.
However, Mr. Olson accepts referrals of pro bono cases from the Maryland Volunteer Lawyers Service, rather than accepting pro bono representation directly from prospective clients.
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