The pre-Chapter 11 filing work sets the stage for the Chapter 11 case. The Arc of the Bankruptcy Process: Part One will discuss the legal and financial considerations of filing chapter 11. Among other things, we will explore how to keep the focus of the bankruptcy filing objectives in mind, acknowledging the human element, communication, and consensus building among key stakeholders (inclusive of the Board of Directors) to successfully prepare for and navigate the planned filing, and gain an understanding of how to drive intended outcomes through exit strategies. We will also discuss what “first day” orders to seek for the debtor to meet its objectives, while giving the debtor immediate administrative authority to operate while it transitions into chapter 11. Typical first day orders include allowing the debtor to maintain and continue customary business practices, authorizing the debtor to obtain debtor in possession financing on an interim basis, paying pre-petition wages, employment and retention of professionals, and permitting the debtor to use a secured creditor’s cash collateral.

Speakers: 
Howard P. Magaliff, R3M Law LLP
Brett Axelrod, Fox Rothschild LLP
Hon. Jerrold N. Poslusny Jr., U.S. Bankruptcy Court, D. N.J.
Sharon Z. Weiss, Bryan Cave Leighton Paisner LLP
Wayne P. Weitz, B. Riley Advisory Services
 

There is a fee for this event.