... one of the most valuable tools that a bankruptcy filing gives to a debtor is the ability to analyze those existing contracts and leases and determine whether they still have value to the estate ...
CHICAGO, IL (PRWEB) May 03, 2017
There is a real chance in a bankruptcy event, regardless of circumstances, that some issue will end up in litigation. Litigating in bankruptcy court, however, is very different than litigating in any other federal or state court because the customs, rules and players are all different. Whether serving as a general litigator or a business person who has never had to fight in bankruptcy court, this Financial Poise webinar series will help to explain some of the more commonly litigated issues in bankruptcy cases.
The fourth episode of the Bankruptcy Battle Royale - Common Litigation Scenarios series, Contract and Lease Disputes, (Register Here) airs on May 9th at 11am CST and features Moderator Lisa Vandesteeg of Sugar Felsenthal Grais & Hammer. She is joined by Chris Wick of Hahn Loeser, Tom Salerno of Stinson, Leonard Street and Laura Davis Jones of PSZJ.
A debtor’s continuing rights and obligations under prepetition executory contracts and leases do not simply end upon the filing of a bankruptcy proceeding. Indeed, one of the most valuable tools that a bankruptcy filing gives to a debtor is the ability to analyze those existing contracts and leases and determine whether they still have value to the estate or whether the debtor would be better off without them. The bankruptcy code provides the procedures and mechanisms whereby a debtor can “assume” or “reject” those contracts or leases. This webinar discusses the rules a debtor must follow to do this, including timing for rejection/assumption, cure requirements for assumption, the right/ability to further assign assumed contracts, standards for rejection and calculating rejection damages.
Previous episodes in this series addressed Venue Fights, Cash Collateral and DIP Loan Contests, and Lift-Stay Battles and are available on-demand through Financial Poise Webinars. Each episode is delivered in Plain English understandable to business owners and executives without much background in these areas, yet is proven to be valuable to seasoned professionals. Each episode in the series brings you into engaging, sometimes humorous, conversations designed to entertain as it teaches. And, as with all Financial Poise Webinars, each episode in the series is designed to be viewed independently of the other episodes, so that participants will enhance their knowledge of this area whether they attend one, some, or all of the episodes.
ABOUT FINANCIAL POISE™:
Financial Poise™ (http://www.financialpoise.com ) provides unbiased news, continuing education, and intelligence to private business owners, executives, investors, and their trusted advisors. For more information contact Emily Goldin at egoldin(at)financialpoise(dot)com or 312-469-0135.