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90 Second Lessons

A composition agreement is an out of court agreement between the debtor and two or more creditors regarding payment arrangements on a debt.

Chapter 15 of the Bankruptcy Code deals with foreign debtors with assets in the United States. It allows for disposition of the property.

When a property owner falls behind on their loans, what are their options to receive loan forgiveness?

Like a professional fee carve-out, secured creditors may also agree to a carve-out for unsecured creditors to appease the court and creditors’ committee.

A stalking horse bidder makes the first bid in an bankruptcy auction, setting the initial price and structure of the sale– but there are some disadvantages.

A distressed exchange offer allows a struggling company to purchase its outstanding debt securities by offering new securities rather than cash.

When is a business turnaround no longer viable? Ask these questions to determine if you or your client’s business can be saved.

Why would a secured creditor prefer to sell its collateral outside of bankruptcy? Here’s how time, money, and control differ in a 363 sale vs Article 9 sale.

Understand the ways in which distressed real estate is different from when an operating business in distress.

Understand what the “in pari delicto” defense is and how it can be used in a bankruptcy proceeding to protect yourself.

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