GLGi: Legal Fundamentals: Corporate Bankruptcy
Time & Location
Originally Presented: September 27, 2006 12:30 PM, Chicago
Presenter(s):
Mark BermanPartner
NIXON PEABODY LLP
Agenda:
- Involuntary filings under Chapters 7 and 11 and the process of filing a petition as well as potential outcomes
- The goals of Chapter 7: getting a discharge and collecting and liquidating assets of the debtor for distribution to creditors
- The tools of filing a bankruptcy including automatic stays use, the sale or lease of property, borrowing money, assumption of rejection of executory contracts and utility service
- Chapter 11 and the formation of a creditors’ committee
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