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	<title>Bluegrass Business Law</title>
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	<description>Wise counsel that is good for the bottom line</description>
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		<title>Bluegrass Business Law</title>
		<link>http://troutmanhays.wordpress.com</link>
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		<item>
		<title>A word about extra-judicial debt workouts</title>
		<link>http://troutmanhays.wordpress.com/2012/01/03/a-word-about-extra-judicial-debt-workouts/</link>
		<comments>http://troutmanhays.wordpress.com/2012/01/03/a-word-about-extra-judicial-debt-workouts/#comments</comments>
		<pubDate>Tue, 03 Jan 2012 21:29:28 +0000</pubDate>
		<dc:creator>G.A. Napier</dc:creator>
				<category><![CDATA[Business]]></category>

		<guid isPermaLink="false">http://troutmanhays.wordpress.com/?p=94</guid>
		<description><![CDATA[Whether you are a small business owner or an individual who is insolvent (cannot pay their debts as they come due), then you may look at doing a workout outside of bankruptcy.  The starting point for this, oddly enough, is to get an analysis by a lawyer who practices bankruptcy to see what a Chapter 7, Chapter 13, or a Chapter 11 would look like.  This requires looking at debt, assets and income.  The attorney would see if you qualify for a Chapter 7 or if you can bypass the means test.  It would also involve looking at what a plan would look like in a Chapter 13 and whether a Chapter 11 would actually be cost-effective.<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=troutmanhays.wordpress.com&amp;blog=534630&amp;post=94&amp;subd=troutmanhays&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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			<media:title type="html">Napier</media:title>
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		<title>Don&#8217;t get ripped off by &#8220;debt solution centers&#8221;</title>
		<link>http://troutmanhays.wordpress.com/2010/01/23/dont-get-ripped-off-by-debt-solution-centers/</link>
		<comments>http://troutmanhays.wordpress.com/2010/01/23/dont-get-ripped-off-by-debt-solution-centers/#comments</comments>
		<pubDate>Sat, 23 Jan 2010 17:33:25 +0000</pubDate>
		<dc:creator>G.A. Napier</dc:creator>
				<category><![CDATA[Bankruptcy]]></category>
		<category><![CDATA[debt relief]]></category>

		<guid isPermaLink="false">http://troutmanhays.wordpress.com/?p=90</guid>
		<description><![CDATA[So called debt solution centers have begun advertising on television during these tough economic times.  Before going to one, be sure to read this &#60;a href=&#34;Check out this <a href="http://lexingtonlawyer.wordpress.com/2010/01/23/be-cautious-of-debt-solution-centers/">post</a> at <a href="http://lexingtonlawyer.wordpress.com">Kentucky Bankruptcy Law</a> to avoid being ripped off."&#62;post</a> at <a href="http://lexingtonlawyer.wordpress.com">Kentucky Bankruptcy Law</a>.<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=troutmanhays.wordpress.com&amp;blog=534630&amp;post=90&amp;subd=troutmanhays&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://troutmanhays.wordpress.com/2010/01/23/dont-get-ripped-off-by-debt-solution-centers/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
	
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			<media:title type="html">G.A. Napier</media:title>
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		<title>Best Business Practices:  Customer loyalty versus switchover marketing</title>
		<link>http://troutmanhays.wordpress.com/2009/01/17/best-business-practices-customer-loyalty-versus-switchover-marketing/</link>
		<comments>http://troutmanhays.wordpress.com/2009/01/17/best-business-practices-customer-loyalty-versus-switchover-marketing/#comments</comments>
		<pubDate>Sat, 17 Jan 2009 21:43:42 +0000</pubDate>
		<dc:creator>G.A. Napier</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Solo & Small Firm]]></category>
		<category><![CDATA[big business]]></category>
		<category><![CDATA[bundle pricing]]></category>
		<category><![CDATA[marketing]]></category>
		<category><![CDATA[small business]]></category>

		<guid isPermaLink="false">http://troutmanhays.wordpress.com/?p=87</guid>
		<description><![CDATA[The "loathe to leave" principle allows credit card companies to raise interest rates after a year or two, insurance companies to jack up their rates year after year, and cable and phone companies to raise rates even in a bad economy.  The cloud in the silver lining is that this practice mainly works for big business and so small businesses can take advantage of the raw feelings the individual customer gets.  Small businesses, including law firms, can focus on rewarding customer loyalty and any incentives (discounts, special pricing, etc.) can be directed to those who keep coming back.  <img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=troutmanhays.wordpress.com&amp;blog=534630&amp;post=87&amp;subd=troutmanhays&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://troutmanhays.wordpress.com/2009/01/17/best-business-practices-customer-loyalty-versus-switchover-marketing/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
	
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			<media:title type="html">G.A. Napier</media:title>
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		<item>
		<title>Small Business and Bankruptcy Quandary</title>
		<link>http://troutmanhays.wordpress.com/2009/01/11/small-business-and-bankruptcy-quandary/</link>
		<comments>http://troutmanhays.wordpress.com/2009/01/11/small-business-and-bankruptcy-quandary/#comments</comments>
		<pubDate>Sun, 11 Jan 2009 17:06:14 +0000</pubDate>
		<dc:creator>G.A. Napier</dc:creator>
				<category><![CDATA[Bankruptcy]]></category>
		<category><![CDATA[Business]]></category>
		<category><![CDATA[Real Estate Law]]></category>

		<guid isPermaLink="false">http://troutmanhays.wordpress.com/?p=85</guid>
		<description><![CDATA[Here is the general scenario which appears over and over again:  Small Business Owner (SBO) goes to the bank to get a loan to either purchase a business or purchase a new asset, such as land to develop.  The bank is glad to lend money to SBO after looking over the business proposal and sets up a time to close the deal.  SBO drops by the bank and is told, by the way, granting this loan is contingent upon SBO giving their personal guaranty on the loan AND granting a security interest against their personal residence for the full value of the loan.  Now, not all banks wait until closing to announce this, but a few persons I have talked with stated they had no idea they would have to put their own house up until they showed up at the bank.  At that point, the whole business deal was dependent on getting that loan soon.  Due to time constraints, SBO acquiesces to the security interest.  "After all," they think "the debt is primarily secured by the land owned by the business which will increase in value." And there is the kicker.
<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=troutmanhays.wordpress.com&amp;blog=534630&amp;post=85&amp;subd=troutmanhays&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://troutmanhays.wordpress.com/2009/01/11/small-business-and-bankruptcy-quandary/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
	
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			<media:title type="html">G.A. Napier</media:title>
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		<title>Divorce Could Impact Your Business</title>
		<link>http://troutmanhays.wordpress.com/2008/09/03/divorce-could-impact-your-business/</link>
		<comments>http://troutmanhays.wordpress.com/2008/09/03/divorce-could-impact-your-business/#comments</comments>
		<pubDate>Wed, 03 Sep 2008 20:05:43 +0000</pubDate>
		<dc:creator>G.A. Napier</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[alter ego]]></category>
		<category><![CDATA[business law]]></category>
		<category><![CDATA[bylaws]]></category>
		<category><![CDATA[dissolution of marriage]]></category>
		<category><![CDATA[divorce]]></category>
		<category><![CDATA[LLC]]></category>
		<category><![CDATA[piercing the corporate veil]]></category>
		<category><![CDATA[PSC]]></category>
		<category><![CDATA[S Corporation]]></category>

		<guid isPermaLink="false">http://troutmanhays.wordpress.com/?p=80</guid>
		<description><![CDATA[Even if you have your business in an LLC, PSC, S-Corp or other vehicle, that business can still be subject to the courts if you, as an owner, go through a divorce. This post at Lexington Family Law blog regarding a recent family law decision outlines one scenario that could entangle your business in a [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=troutmanhays.wordpress.com&amp;blog=534630&amp;post=80&amp;subd=troutmanhays&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://troutmanhays.wordpress.com/2008/09/03/divorce-could-impact-your-business/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
	
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			<media:title type="html">G.A. Napier</media:title>
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		<item>
		<title></title>
		<link>http://troutmanhays.wordpress.com/2008/08/30/77/</link>
		<comments>http://troutmanhays.wordpress.com/2008/08/30/77/#comments</comments>
		<pubDate>Sat, 30 Aug 2008 21:50:25 +0000</pubDate>
		<dc:creator>G.A. Napier</dc:creator>
				<category><![CDATA[Business]]></category>

		<guid isPermaLink="false">http://troutmanhays.wordpress.com/?p=77</guid>
		<description><![CDATA[<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=troutmanhays.wordpress.com&amp;blog=534630&amp;post=77&amp;subd=troutmanhays&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://troutmanhays.wordpress.com/2008/08/30/77/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	
		<media:content url="http://1.gravatar.com/avatar/d09a9ac63ddb9ee974aacf924dc3115b?s=96&#38;d=identicon&#38;r=G" medium="image">
			<media:title type="html">Napier</media:title>
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			<media:title type="html">Questapalooza!</media:title>
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		<item>
		<title>One-sided contracts are a bad deal for ALL parties (or getting greedy will get ya&#8217;)</title>
		<link>http://troutmanhays.wordpress.com/2008/03/23/one-sided-contracts-are-a-bad-deal-for-all-parties-or-getting-greedy-will-get-ya/</link>
		<comments>http://troutmanhays.wordpress.com/2008/03/23/one-sided-contracts-are-a-bad-deal-for-all-parties-or-getting-greedy-will-get-ya/#comments</comments>
		<pubDate>Sun, 23 Mar 2008 17:06:22 +0000</pubDate>
		<dc:creator>G.A. Napier</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Contract Law]]></category>
		<category><![CDATA[employment law]]></category>
		<category><![CDATA[Ethical Practices]]></category>
		<category><![CDATA[Independent Contractor]]></category>
		<category><![CDATA[bargaining power]]></category>
		<category><![CDATA[business ethics]]></category>
		<category><![CDATA[contract]]></category>
		<category><![CDATA[employment]]></category>
		<category><![CDATA[unconscionable]]></category>

		<guid isPermaLink="false">http://troutmanhays.wordpress.com/?p=76</guid>
		<description><![CDATA[The Court of Appeals just released a decision that shows that getting greedy will get ya&#8217; in the end. Despite precedents that show that contracts substantially favoring the party with the greater power often are deemed unconscionable (so unfair as to not be enforceable), lawyers stiff draft them and companies still like them. That is [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=troutmanhays.wordpress.com&amp;blog=534630&amp;post=76&amp;subd=troutmanhays&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://troutmanhays.wordpress.com/2008/03/23/one-sided-contracts-are-a-bad-deal-for-all-parties-or-getting-greedy-will-get-ya/feed/</wfw:commentRss>
		<slash:comments>6</slash:comments>
	
		<media:content url="http://0.gravatar.com/avatar/cad1a0e86fc263d4e301fd8016cc9bbf?s=96&#38;d=identicon&#38;r=G" medium="image">
			<media:title type="html">G.A. Napier</media:title>
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		<title>Franchisor vicarious liability</title>
		<link>http://troutmanhays.wordpress.com/2008/02/24/franchisor-vicarious-liability/</link>
		<comments>http://troutmanhays.wordpress.com/2008/02/24/franchisor-vicarious-liability/#comments</comments>
		<pubDate>Sun, 24 Feb 2008 03:39:26 +0000</pubDate>
		<dc:creator>G.A. Napier</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Franchise Law]]></category>
		<category><![CDATA[vicarious liability]]></category>
		<category><![CDATA[employment law]]></category>
		<category><![CDATA[franchisee]]></category>
		<category><![CDATA[franchisor]]></category>
		<category><![CDATA[respondeat superior]]></category>
		<category><![CDATA[tort]]></category>

		<guid isPermaLink="false">http://troutmanhays.wordpress.com/?p=75</guid>
		<description><![CDATA[In a case of first impression (first time an issue has been ruled upon) in Kentucky, the state&#8217;s Supreme Court addresses franchisor vicarious liability in Papa John&#8217;s Int&#8217;l, Inc. v McCoy, 2005-SC-000614-DG (Jan. 24, 2008)(to be published). Frainchisor vicarious liability is like having a first cousin once removed. The first cousin of liability is employer [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=troutmanhays.wordpress.com&amp;blog=534630&amp;post=75&amp;subd=troutmanhays&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://troutmanhays.wordpress.com/2008/02/24/franchisor-vicarious-liability/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	
		<media:content url="http://0.gravatar.com/avatar/cad1a0e86fc263d4e301fd8016cc9bbf?s=96&#38;d=identicon&#38;r=G" medium="image">
			<media:title type="html">G.A. Napier</media:title>
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		<title>Garnishment: where business law &amp; family law intersect</title>
		<link>http://troutmanhays.wordpress.com/2008/01/28/garnishment-where-business-law-family-law-intersect/</link>
		<comments>http://troutmanhays.wordpress.com/2008/01/28/garnishment-where-business-law-family-law-intersect/#comments</comments>
		<pubDate>Mon, 28 Jan 2008 00:25:46 +0000</pubDate>
		<dc:creator>G.A. Napier</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[divorce]]></category>
		<category><![CDATA[earnings]]></category>
		<category><![CDATA[family law]]></category>
		<category><![CDATA[garnishment]]></category>
		<category><![CDATA[wages]]></category>

		<guid isPermaLink="false">http://troutmanhays.wordpress.com/?p=74</guid>
		<description><![CDATA[This post captures the final lessons learne from the recently released Kentucky Court of Appeals case of Mickler v. Mickler, 2006-CA-001313-MR (Jan. 25, 2008)(to be published). Many other lessons related to family law exist in the underlying facts and procedure and can be found at this post at Lexington Family Law blog. Suffice it to [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=troutmanhays.wordpress.com&amp;blog=534630&amp;post=74&amp;subd=troutmanhays&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://troutmanhays.wordpress.com/2008/01/28/garnishment-where-business-law-family-law-intersect/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	
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			<media:title type="html">G.A. Napier</media:title>
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		<title>Arbitration provisions: if you have to sneak it in, it probably is not enforceable</title>
		<link>http://troutmanhays.wordpress.com/2008/01/01/arbitration-provisions-if-you-have-to-sneak-it-in-it-probably-is-not-enforceable/</link>
		<comments>http://troutmanhays.wordpress.com/2008/01/01/arbitration-provisions-if-you-have-to-sneak-it-in-it-probably-is-not-enforceable/#comments</comments>
		<pubDate>Tue, 01 Jan 2008 04:52:05 +0000</pubDate>
		<dc:creator>G.A. Napier</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[arbitration]]></category>
		<category><![CDATA[business practices]]></category>
		<category><![CDATA[contract]]></category>

		<guid isPermaLink="false">http://troutmanhays.wordpress.com/2008/01/01/arbitration-provisions-if-you-have-to-sneak-it-in-it-probably-is-not-enforceable/</guid>
		<description><![CDATA[Arbitration provisions are found everywhere these days. Retailers and service providers are quite smitten with arbitration because they anticipate it will reduce litigation costs considerably. This overriding desire to arbitrate can lead to creative measures to secure a contract provision requiring arbitration. However, it is more important that any such provision is actually binding. The [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=troutmanhays.wordpress.com&amp;blog=534630&amp;post=73&amp;subd=troutmanhays&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>1</slash:comments>
	
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			<media:title type="html">G.A. Napier</media:title>
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