When the business relationship between a company and its creditor is going well, the creditor does not often spend much time thinking about the rights and remedies it might have if the company suffers financial distress later. Oftentimes, creditors do not focus on what rights they have until after distress sets in. When a company enters bankruptcy, creditors’ rights and remedies can be altered significantly, and creditors who do not pursue their rights until after a bankruptcy filing could find themselves with diminished recoveries.
Michael J. Riela and Richard W. Trotter, attorneys in the Creditors’ Rights and Business Reorganization practice group at the law firm of Tannenbaum Helpern Syracuse & Hirschtritt LLP, will discuss the principal rights and remedies that different types of creditors may have against companies that are in financial distress but are not yet in bankruptcy. They will also discuss how those rights change when a company enters bankruptcy. Finally, they will provide practical tips about how creditors can better protect their interests, both before and during bankruptcy.
Recognize how creditors can better protect their interests, both before and during bankruptcy
Good program. Not an area that I deal much in, but provided a good background.
Excellent in every way! This is the best Lawline video on the topics of Chapter 11 and Chapter 7 that I have seen thus far! Thank you for the excellent and informative presentation! Bravo to the younger associate/attorney for working so perfectly with the partner; they seemed to enjoy working together! Perfect written materials too; they were clear and not too overwhelming. I would rate this almost a "perfect ten" in terms of CLE presentations.
nice intro to bankruptcy
Job well done by the presenters.