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February 26, 2018
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NYIC and IFA Host Factoring Lunch on March 6th, 2018

The New York Institute of Credit (NYIC) and International Factoring Association (IFA) are hosting a joint factoring event on March 6th, 2018. Event Details March 6, 2018 1:30pm - 5:30pm Arno Ristorante, 141 West 38th Street, NYC Session #1: Factoring Updates From Top Executives Moderator, Harvey Gross, Executive Director, New York Institute of Credit Lou Barone, Managing Director, CIT Commercial Services Bob Grbic, President & CEO, White Oak Commercial Finance, LLC Kevin Gillespie, Executive Vice...

July 24, 2017
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Dealing With Distress for Fun & Profit – Installment #17 – Overview (of DIP Financing and Cash Collateral Motions)

By: Michael Brandess and Luke Smith     A written tour of business bankruptcy and its alternatives. Editors’ Note:  we started this series (click here to start reading from the beginning) with a broad overview of business bankruptcy and its alternatives.  Our last few installments have focused on explaining how a creditor can, when its customer files bankruptcy, collect as much as possible on what it is owed (read about How To Protect Your Claim and about...

June 12, 2017
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An Introduction to Bankruptcy Claims Trading: Part 2

Timothy C. Bennett Seyfarth Shaw LLP 620 Eighth Avenue New York, New York 10018 212-218-3386 Tbennett@seyfarth.com   Documenting a Claims Trade   In our previous article, we discussed the claims trading marketplace, focusing on its characteristics, the motivations for its participants, some basics of documentation, key business and legal structuring considerations, as well as risks borne by sellers and purchasers in these types of transactions.  In this article, we will take a closer look at the...

May 22, 2017
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Dealing With Distress for Fun & Profit – Installment #16 – Super and Residual Priorities

by Michael Brandess and Luke Smith[1]   This series was started (click here to start reading from the beginning) with a broad overview of business bankruptcy, but our last few installments have focused on: unsecured creditors (click here), the priority scheme in bankruptcy (click here for the 30,000-foot view or you can find more specific treatments here, here and here), and protecting/collecting your claim (click here). In this installment, we draw on our discussion of the priority scheme, with a special...

May 15, 2017
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Beneath the Surface: Finding Truth in Income Statements

By Jeffrey Fishel, CPA, CFE and Michael Schwarzmann


An income statement, one component of a set of financial statements, provides a snapshot of a company’s profitability over a specific period of time by deriving net income from sales. While an income statement may help its user obtain a general sense of whether the company was profitable or not, it should not be relied on as the sole basis for determining the value of the company. It is especially important that users of financial...

April 24, 2017
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90 Second Lesson: When To Request Relief From the Automatic Stay

By the Editorial staff of Commercial Bankruptcy Investor

Editors’ Note:  This is part of our irregular series in which we answer readers’ questions. If you have a question, submit it to info@dailydac.com and we will try to answer it.    QUESTION: How do I know if I should request relief from a debtor’s automatic stay? ANSWER: At the outset of a bankruptcy case, a secured creditor, a party to litigation in another court, or any other party potentially entitled to stay relief must decide whether...

April 10, 2017
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90 Second Lesson: First Step When Purchasing a Distressed Business

By the Editorial staff of Commercial Bankruptcy Investor


Editors’ Note:  This is part of our irregular series in which we answer readers’ questions. If you have a question, submit it to info@dailydac.com and we will try to answer it.    QUESTION: What is the first integral decision a potential purchaser of a distressed business must make? ANSWER: Assuming that the seller has not already decided on the mechanism for the sale, the first choice confronting the potential purchaser of a distressed business is how the...

April 3, 2017
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90 Second Lesson: Personal Liability for Unpaid Taxes in Insolvency Cases

By the Editorial staff of Commercial Bankruptcy Investor


Editors’ Note:  This is part of our irregular series in which we answer readers’ questions. If you have a question, submit it to info@dailydac.com and we will try to answer it.    QUESTION: Who can be liable for a chapter 11 debtor’s unpaid taxes? ANSWER: One or more persons, including a fiduciary, may be subject to personal liability for a debtor’s unpaid federal, state and/or local tax liability. As David Alger explains in greater detail here, personal liability...


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