...the terms of the use of cash collateral or DIP financing are some of the most hotly contested in the Chapter 11 process...
CHICAGO, IL (PRWEB) May 15, 2017
No matter how you are involved in a bankruptcy proceeding, there is a real chance you will wind up litigating some issue. 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 you are a general litigator or a business person who has never had to fight in bankruptcy court, this Financial Poise webinar series is for you if you want to understand some of the more commonly litigated issues in bankruptcy cases.
The second episode of the Bankruptcy Battle Royale - Common Litigation Scenarios webinar series is Cash Collateral and DIP Loan Contests (Register Here), and features host Lisa Vandesteeg of Sugar Felsenthal Grais & Hammer. She is joined by Laura Davis Jones of PSZJ, Gary Marsh of Dentons and Tom Salerno of Stinson Leonard Street.
Show me the money! Debtors in Chapter 11 proceedings 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 – existing or generated cash (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 get a court order allowing the use of either type of funds, and that order often contains terms that impact the entire course of the proceeding. 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, involving numerous parties including the debtor, secured lender, unsecured creditors’ committee, and third party DIP lender. This Financial Poise webinar presents practical tips for each of these parties to protect their respective interests.
Other episodes in this series cover venue fights, lift-stay battles, contract and lease disputes, contesting confirmation and preference actions. Each Financial Poise Webinar episode is delivered in Plain English understandable to business owners and executives without much background in these areas. Yet, each episode is proven to be valuable to seasoned professionals. As with all Financial Poise Webinars, 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.