Cash Collateral and DIP Loan Contests
Series: BANKRUPTCY BATTLE ROYALE 2019 - COMMON COMMITTEE CONTROVERSIES
Show me the money! Debtors in Chapter 11 cases cannot survive without money to continue operations, pay vendors and professionals, and work to restructure debt and/or sell assets. Where do those necessary funds come from? There are really only two sources – cash the debtor has or can generate (in either case, generally the collateral of the secured lender) or new money coming into estate in the form of a post-petition debtor-in-possession (DIP) loan. At the very outset of the case, a debtor must obtain a court order allowing it to use its cash when that cash is the collateral of a third party or must obtain authority from the court to borrow funds. In either case, what the debtor is permitted or not permitted to do can seal the fate of a case from the outset. As a result, the battles over the terms of the use of cash collateral or DIP financing are some of the most hotly contested in the Chapter 11 process. This webinar examines the issue involved and how the various constituencies fight about them.
This webinar is delivered in Plain English, understandable to you even if you are not a specialist. It brings you into an engaging, even sometimes humorous, conversation designed to entertain as it teaches. And, it is specifically designed to be viewed as a stand-alone webinar, meaning that you do not have to view the other webinars in the series to get a lot out of it.
Principal Audience: Attorneys and Advisors, Business Owners and Executives, Investors
Partner: ChamberWise, Financial Poise, West LegalEdcenter
Meet the Panel:
Christopher B. Wick focuses his practice in the Creditors’ Rights, ...
Mark Melickian leads Sugar Felsenthal Grais & Helsinger LLP’s restructuring ...
EDUCATIONAL BACKGROUND AND CERTIFICATIONS MBA, Loyola University CPA License, Maryland Certified Insolvency & ...