Counseling Shareholders, Officers and Directors

The attorneys at Bovarnick and Associates have counseled and represented officers and directors of privately held companies regarding their rights, duties and obligations to the company, and other shareholders, officers and directors.

The Firm also represents officers, directors and shareholders of businesses that are in bankruptcy.  The representation includes defending lawsuits on personal guarantees of corporate obligations and advising of rights and obligations when the business has entered the "zone of insolvency."  

In one recent case, the attorneys from Bovarnick and Associates were contacted by a 45% shareholder of the company regarding an improper, multi-million dollar loan taken by another shareholder. After counseling the client as to the rights and options, a complaint was prepared and sent to the other side. Through creative and aggressive lawyering, the case was settled without the need of filing a lawsuit.

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