Category Archives: Lending Updates

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Tribal Corporate Bankruptcy Petition Raises Issues of First Impression for Bankruptcy Court

By Christine Swanick, Carren Shulman, Wilda Wahpepah, and Shawn Watts On March 4, 2013, ‘SA’ NYU WA, Inc., a tribally-chartered corporation wholly owned by the Hualapai Indian Tribe, filed a Chapter 11 bankruptcy petition in the United States Bankruptcy Court, District of Arizona. This is a very important case for tribes and any party conducting … Continue Reading

Lenders Beware – Oral Statements may Trump Written Agreements

By Kristy Young The California Supreme Court recently held that a borrower may rely upon oral promises to support a fraud claim against its lender even when such oral promises contradict the written agreement. In Riverisland Cold Storage, Inc. v. Fresno-Madera Production Credit Association, 55 Cal. 4th 1169 (2013), borrowers, after falling behind on their … Continue Reading
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