Bankruptcy Risks for Second Lienholders
Overcoming Challenges With Lien Stripping, Sect. 363 Sales, Intercreditor Agreements and More
Recording of a 90-minute CLE webinar with Q&A
This CLE course will analyze risks facing second lienholders in bankruptcy, including lien stripping, standing, Section 363 sales free and clear of liens, intercreditor agreements, and valuation of secured creditor’s collateral. The program will outline best practices for minimizing the risks.
- Lien stripping
- Section 363 sales free and clear of liens
- Rights under intercreditor agreements
- Valuation of the secured creditor’s collateral under Section 506(a)
- The role of creditors’ committees
The panel will review these and other key questions:
- Does a second lienholder have standing to object to a sale notwithstanding the terms of an intercreditor agreement?
- Can a court authorize a sale of property free and clear of out-of-the-money liens when the junior lienholders do not consent to the sale?
- How does valuation of the secured creditor’s collateral impact the ability of the debtor to strip junior liens?
- What impact has the Heritage Highgate ruling had on the role of creditors’ committees in the reorganization process?
Following the speaker presentations, you'll have an opportunity to get answers to your specific questions during the interactive Q&A.
Vincent J. Roldan
Vandenberg & Feliu
He concentrates his practice in bankruptcy matters and creditors' rights. He has represented parties in interest... | Read More
He concentrates his practice in bankruptcy matters and creditors' rights. He has represented parties in interest in various aspects of bankruptcy proceedings, including debtors, secured lenders, noteholders, trade creditors, creditors' committees, trustees, and asset purchasers.Close
Matthew P. Ward
Womble Carlyle Sandridge & Rice
He has represented many public and private companies as debtors in Chapter 11 cases as well as representing official... | Read More
He has represented many public and private companies as debtors in Chapter 11 cases as well as representing official committees of unsecured creditors. He has represented numerous private companies, money management firms, and private equity funds as bidders and/or purchasers in various chapter 7 and chapter 11 proceedings, acquisitions of distressed assets, and change of control transactions.Close