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The Nuts & Bolts of a Lift Stay Motion

Most businesses of any meaningful size in the United States have a line of credit or term loan with a bank or other lender that is secured by a lien on substantially all of the assets of that business. One of the strongest tools in a secured lenderā€™s toolbox is the ability to ask the bankruptcy court to lift or modify the automatic stay to allow the secured lender to get to its collateral. Needless to say, the debtor will often oppose the lenderā€™s request. This is just one of many aspects of litigation surrounding the automatic stay. The bankruptcy code provides for specific circumstances under which relief from the stay is permitted, and litigation over whether the requisite conditions exist is common. This webinar discusses the scope of the automatic stay and the procedure and grounds for seeking relief.

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Webinar Faculty

Moderator:

Joshua Gadharf
Joshua Gadharf

Josh is a member in the Business and Business Restructuring Services Departments and counsels clients on strategic alternatives in both distressed and non-distressed settings. He regularly represents public and private… Read More

Panelists:

Edward Schnitzer
Edward Schnitzer

Edward L. Schnitzer is a Partner at Womble Bond Dickinson (US) LLP. He represents creditor committees, creditors, litigation trustees, equity committees, and debtors, with particular expertise in bankruptcy litigation including… Read More

James Sullivan
James Sullivan

James Sullivan's primary practiceĀ focus is corporate restructuring and bankruptcy, distressed situations and complex commercial disputes.Ā He brings a wealth of experience representing creditors' committees, corporate debtors, banks, secured and unsecured creditors,… Read More

Jonathan Friedland
Jonathan Friedland

Jonathan Friedland is a principal at Much Shelist. He is ranked AVĀ® Preeminentā„¢ by Martindale.com, has been repeatedly recognized as a ā€œSuperLawyerā€, by Leading Lawyers Magazine, is rated 10/10 by… Read More

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