There are numerous alternatives to bankruptcy that are frequently employed by both debtors and creditors to bring about efficient liquidations and wind-downs of distressed companies,
There are numerous alternatives to bankruptcy that are frequently employed by both debtors and creditors to bring about efficient liquidations and wind-downs of distressed companies, and to protect and preserve collateral upon allegations of mismanagement or wrongdoing. Among the most commonly utilized alternatives are assignments for the benefits of creditors (ABCs) and receiverships. While ABCs and receiverships are in many cases appealing because they are far less costly and generally can be accomplished more quickly than a bankruptcy, the flipside is that they offer less transparency, and fewer creditor protections, than is provided in bankruptcy. Thomas Fawkes, Brian Jackiw, and Jason Torf, Partners with Tucker Ellis LLP, will take you through the inner workings of receiverships and ABCs, as well as the governing laws, and the rights of unsecured and secured creditors in those proceedings.
Speakers: Thomas. R. Fawkes Tucker Ellis, LLP
Brian J. Jackiw Tucker Ellis, LLP
Jason M. Torf Tucker Ellis, LLP
Cost: $99 – Member (One coupon will be accepted) $198 – Nonmember
Participation points are available for this webinar.
While registering online, you will have the opportunity to choose your payment method. We are happy to take a credit card online or invoice you. You will also have the opportunity to apply coupons as allowed. Cancellation Policy: Cancellations must be received in writing, via fax, email or mail, no later than two weeks prior to the event date to qualify for a full refund. Cancellations received later than two weeks prior to the event date do NOT qualify for a refund of registration fees. Sorry, phone cancellations cannot be honored. If you have any questions, please email email@example.com.