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Business files deeIs this business JetAway going out of business? Are the owners selling? What does this mean

Boise Attorney
by Village Square

Question by swingydude: Business files deeIs this business JetAway going out of business? Are the owners selling? What does this mean
MONTROSE — JetAway Aviation has placed a lien, amount unknown, against property it claims to own in Montrose. If JetAway Aviation defaults on repaying its lender, the public trustee of Montrose County can be directed to sell the property — meaning members of the Girdner family could be first in line for any of those benefits, a deed of trust filed Dec. 20 indicated.

JetAway, a limited liability company, along with another LLC, One Creative Place, executed a deed of trust that identified its lenders as Paul and Michael Girdner of Boise, Idaho.

Michael Girdner also signed as the borrower, on behalf of both LLCs, which is not unheard of, a local escrow agent told the Daily Press. The notarized document certifies that Girdner is a “manager or managing member of JetAway Aviation, LLC,” and he would therefore have the power to act on behalf of the company.
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JetAway CEO Stephen Stuhmer did respond to a request for comment.

JetAway, located at 1 Creative Place adjacent to the Montrose Regional Airport, is locked in a heated and expensive legal battle over Montrose County’s decision to award a competitive bid for fixed-base operations at the airport to another company. The county and JetAway will head to court in May after Federal Aviation Administration-sponsored mediation terminated.

The successful FBO bidder, Black Canyon Jet Center, also succeeded in having JetAway held in contempt over the advertising of fuel sales, which court orders barred JetAway from doing.

Paul Girdner testified at the November contempt hearing that he pays the company’s bills. Testimony indicated he was a financial backer.

The Daily Press showed the deed of trust to its attorney, who explained how such deeds operate.

David Masters said a deed of trust, similar to a mortgage, uses property as collateral to secure financing. In a deed of trust, the borrower transfers the property to the public trustee to be held in trust, subject to the terms of the deed.

The Dec. 20 deed places its property in trust with Montrose County Treasurer Rosemary Murphy, who can be called upon to sell it if terms are not met and a demand for sale is made

Best answer:

Answer by Den
The company has chosen litigation perhaps because it is uncompetitive. Bad situation for everybody involved.

What do you think? Answer below!

Be the first to comment - What do you think?  Posted by - January 27, 2011 at 8:18 pm

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Business Lawyers – Business Owners Legal Help


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Business Lawyers – Business Owners Legal Help

Business Lawyers – Business Owners Legal Help


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Home Page > Law > Business Lawyers – Business Owners Legal Help

Business Lawyers – Business Owners Legal Help

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Posted: Nov 21, 2010 |Comments: 0

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Lawyers provide a very valuable service to the public. They are there to help people fight cases that might have been brought against them or to help them fight cases that they themselves have brought against another party.

Lawyers help keep you out of trouble

Lawyers can also give people advice on what they should do in situations involving the law and how to prevent themselves from getting in trouble with authority figures and more. Their insight on different types of situations will have been obtained through the years of schooling that they have gone through and/or the years of experience that they have gained on the job. There are different areas of the law that lawyers can specialize in or practice in. For example, there are business lawyers who provide their services to businesses.

Choose a Law Firm to suit your businesses size.

There are law firms that focus on only small businesses. Others help out all types of businesses. If you are a business owner, you might want to consider this before deciding on which business lawyer to hire to help you out. If you own a small business, then you might want to check out business lawyers who just cater for small businesses. This might be a good idea because there are probably different situations that small businesses are more likely to encounter that other businesses would not, and a business lawyer focusing on small businesses would probably know really specific and useful details that law firms with a broader focus might not.

Legal help when you need it most

However, whether you own a small or big business, you will need business lawyers to help you out when you face a legal problem. The many different legal problems that businesses encounter include accidents that happen on the business premises, breaking of the contract, discrimination lawsuits, and more. A business lawyer might be able to advise beginning business owners on what type of insurance they will need in order to run the business. Business lawyer and solicitors might also be able to prepare them for the different types of legal problems they might potentially face and how to avoid them. Therefore, they can provide a lot of help to people who are running their own business.

Choose a Law Firm with experience

If they do get into some legal trouble and a lawsuit is maybe brought against them, then business lawyers can be hired to help them fight or settle their case. When looking for a business law firm or a lawyer to hire, the business owner should probably look for the ones who have the most experience, who have successfully fought or settled cases for other businesses, and ones who are affordable.

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Graham Baylis
About the Author:

The business world is full of problems, many of them legal ones, or ones for which there are legal repercussions. Graham Baylis has been in business for 10 years now and knows the true value of business legal advice. Shire and Co have a wonderful set of experienced lawyers to call upon, to cover any commercial legal concern. http://www.shireandco.uk

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The business world is full of problems, many of them legal ones, or ones for which there are legal repercussions. Graham Baylis has been in business for 10 years now and knows the true value of business legal advice. Shire and Co have a wonderful set of experienced lawyers to call upon, to cover any commercial legal concern. http://www.shireandco.uk

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Be the first to comment - What do you think?  Posted by - December 14, 2010 at 4:19 am

Categories: Business Lawyer   Tags: , , , ,

Attorney Sergei Lemberg: Impact of GM Bankruptcy on Car Owners Overlooked

Attorney Sergei Lemberg: Impact of GM Bankruptcy on Car Owners Overlooked












Stamford, CT (PRWEB) December 2, 2008

As the U.S. Congress contemplates a billion rescue package for the embattled U.S. car industry, some analysts are advocating a structured bankruptcy for General Motors. Sergei Lemberg (LemonJustice.com), a former bankruptcy lawyer who now represents consumers in warranty and lemon law cases, today urged both sides to consider the impact that a bankruptcy would have on GM car owners. “While much has been written and broadcast about the ripple effect that a Big Three bankruptcy would have on the economy, many consumers have more pressing questions,” Lemberg noted. “People are wondering if their car warranties will remain intact and whether they’ll still have lemon law rights if GM goes under.”

Lemberg says that warranty agreements are called “executory contracts” in bankruptcy, and whether or not warranties remain in effect would largely depend upon whether a bankrupt automaker reorganized or liquidated. “While the car manufacturer legally has the choice whether or not to keep its warranty obligations, the most likely scenario is that it will want to rebuild its business – which means keeping customers happy and fulfilling warranties,” said Lemberg. “However, if it decides to liquidate and go out of business under Chapter 7, all bets are off,” he added.

When it comes to claims filed under state lemon law, Lemberg notes that consumers may well be left out in the cold. “All lawsuits, including lemon law actions, stop with the bankruptcy filing,” he said. “This automatic stay would even apply to lemon law arbitrations administered by state Attorneys General.” Moreover, he says, all claims would be administered through the bankruptcy process.

Lemberg indicates, however, that there is one source of hope for lemon owners – Section 362(b)(4) of the Bankruptcy Code, which provides an exception for so-called “police powers” actions against a debtor. “It’s possible that lemon law cases could fall under this exception, since the argument could be made that lemon law legislation is intended to police wrongful or unfair conduct by auto manufacturers,” Lemberg said. “However, the police powers exception normally applies to the government, not private actions by individuals.”

Lemberg concluded that, while some analysts view bankruptcy as the only road to relief for GM – which, according to Lemberg, has a bloated number of brands and dealers, as well as astronomical retiree costs, – the impact on GM customers should be considered. “In these tough economic times, consumers need to know that their warranties are valid and that they have recourse if they discover they’ve purchased a lemon.”

About Lemberg & Associates, LLC:

The attorneys at Lemberg & Associates, LLC are experts in warranty and lemon law, and practice in New York, Connecticut, New Jersey, Massachusetts, Pennsylvania, Maryland, California, and Washington, D.C. Sergei Lemberg can brief you about the potential effects of automaker bankruptcy on consumers, state Lemon Laws, and other protections afforded car owners.

For more information, contact:

Sergei Lemberg

Lemberg & Associates, LLC

LemonJustice.com

203.653.2250

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Be the first to comment - What do you think?  Posted by - November 7, 2010 at 12:20 am

Categories: Bankruptcy Lawyer   Tags: , , , , , ,

New Jersey Probate Lawyers – Lofaro & Reiser, LLP The New Jersey law firm of LoFaro & Reiser, LLP offering sophisticated estate planning services for small business owners and high net worth individuals, and representation in estate litigation and probate.

(PRWEB) January 4, 2004

With offices based in Bergen County and Essex County and only minutes from New York City, the New Jersey law firm of LoFaro & Reiser, L.L.P. engages in the representation of small to medium sized business owners and high net worth individuals in sophisticated estate planning, estate litigation, wills, trusts & probate.

The firm also represents small to medium sized business owners, financial institutions, and other businesses in the areas of complex commercial litigation, bankruptcy and creditors’ rights, corporate law, debt collection, public employee labor disputes, foreclosure, real estate and refinance.



Find More Probate Lawyers Press Releases

Be the first to comment - What do you think?  Posted by - October 26, 2010 at 4:30 pm

Categories: Probate Lawyers   Tags: , , , , , , , , , , , , , , , , , , ,