Liquidating Chapter 11 Cases
Formulating Liquidation Plan Strategies and Navigating Implications for Creditors
Recording of a 90-minute CLE webinar with Q&A
This CLE course will provide bankruptcy counsel with a review of the differences between a Chapter 11 and a Chapter 7 liquidation and between liquidating plan sales vs. Sect. 363 sales. The panel will discuss formulation and approval of liquidation plans, unique issues in Chapter 11 liquidations, and best practices for avoiding pitfalls.
Outline
- Contrast Chapter 11 liquidation and Chapter 7 liquidation
- Sales through liquidating plans vs. Section 363 sales
- Distribution of unclaimed funds
- Formulating a liquidation plan and obtaining approval
- Avoiding potential pitfalls
Benefits
The panel will review these and other key questions:
- What implications flow from the choice of liquidation through Chapter 11 vs. Chapter 7?
- What are the pros and cons of a Chapter 11 liquidation?
- Do unsecured creditors fare better in Chapter 11 liquidations and what steps can they take to maximize recovery?
- What are best practices for distributing unclaimed finds?
Following the speaker presentations, you'll have an opportunity to get answers to your specific questions during the interactive Q&A.
Faculty
Paul A. Avron
Of Counsel
Berger Singerman
He practices primarily in the areas of corporate reorganization, bankruptcy law, creditors' rights and appellate... | Read More
He practices primarily in the areas of corporate reorganization, bankruptcy law, creditors' rights and appellate litigation, both state and federal. He has prosecuted and defended numerous bankruptcy-related appeals before the U.S. District Court and the U.S. Court of Appeals for the Eleventh Circuit.
CloseSteven B. Smith
Partner
Edwards Wildman Palmer
He focuses his practice on complex corporate restructuring and creditors’ rights, including in court Chapter 11... | Read More
He focuses his practice on complex corporate restructuring and creditors’ rights, including in court Chapter 11 cases and out-of-court workouts. He represents official and ad-hoc creditor committees, secured lenders, administrative agents, and other parties-in-interest in restructuring matters. He is experienced in analysis of true sale, non-consolidation and bankruptcy remoteness principles.
CloseBrent Weisenberg
Atty
Cooley
He is an attorney in the Firm’s Corporate Restructuring & Bankruptcy practice group and concentrates his... | Read More
He is an attorney in the Firm’s Corporate Restructuring & Bankruptcy practice group and concentrates his practice on both transactional and litigation aspects of Chapter 11 bankruptcy reorganization and liquidation. He frequently represents creditors' committees and debtors in Chapter 11 cases, as well as purchasers of assets, parties to executory contracts and real property leases and unsecured creditors.
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