With distressed credits increasing and chapter 11 bankruptcy having become a less accessible and less popular option, lenders to distressed companies are seeking alternatives to restructure or liquidate companies without losing the going concern value of the business in the process. Dorsey’s Finance and Restructuring team reviewed alternatives, with a focus on the use of chief restructuring officers (or the equivalent), assignments for the benefit of creditors, and receiverships as cheaper and more manageable alternatives to bankruptcy, and will cover the challenges, pros and cons of each for both lenders and borrowers.
Presenters:
Tom Kelly, Partner, Dorsey & Whitney LLP
Jessica McKinlay, Of Counsel, Dorsey & Whitney LLP
Thomas Hwang, Associate, Dorsey & Whitney LLP
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**NOTE: Watching this recording does not allow the user to obtain CLE, CPD, CPE or HR credits.