Business

There are many lawyers and business professionals who enter the restructuring world without accounting or business backgrounds and have a learning curve to overcome when it comes to, for instance, getting a snapshot of the current financial picture of a business by reviewing financial statements or understanding what goes into monthly operating reports and cash flow analyses. This webinar will therefore serve as a useful tool for professionals by: *Reviewing in a non-technical manner accounting basics for beginners; *Reviewing financial statements and monthly operating reports and the types of information included in such documents; *Explaining what restructuring professionals look for when reviewing financial statements or MORs to determine the issues facing a given company. Click here to get Back to Basics Series - 3 Videos together.

"How to Hire the Right Financial Advisors" will provide attendees with an overview and basic understanding of the different types of financial advisors that may be relevant for in- and out-of-court cases. Our experienced panel will provide an informative discussion about matching the right type of financial advisor with the specific needs of each case, drawing upon both empirical examples and their own personal experiences. This is a perfect session for junior attorneys and/or attorneys with more limited experience in the bankruptcy environment. Topics include: • The different types of financial advisors available; • The benefits and limitations for each category of advisor; and • How to select the right advisor for the job.

Administrative Order No. 12-05 requires all Chapter 13 cases filed in the Eastern District of Michigan to use the new Model Plan 3.0. Panelists will discuss the challenges presented by the new form Plan, common alterations and strategies for Plan proponents, and observations from the office of the Chapter 13 Trustee following nearly a year of administering the new Plan.

With the economic challenges over the past five years, the lending landscape has changed dramatically. The boundaries for commercial and alternative lenders have changed, and borrowers’ options for financing are continuing to develop. Learn what commercial and alternative lenders can (and cannot) do for a borrower and how financing structures have become more creative to fit the needs of borrowers. Presented by ABI, TMA (Chesapeake), IWIRC (D.C./Maryland) and RMA (Potomac).

Following the financial crisis, lending activities have been closely scrutinized by regulators, lawmakers and the courts. Debtors and bankruptcy trustees have actively pursued claims against commercial lenders. Learn firsthand about recent legal developments that impact commercial loan transactions and practical strategies for minimizing the risk of lender liability claims. Presented by ABI, TMA (Chesapeake), IWIRC (D.C./Maryland) and RMA (Potomac).

Business

Plenary Session

Is chapter 11 the optimal way to liquidate law firms? Jewel v. Boxer claims, drafting suggestions for releases of partners. Non CLE.

This panel will discuss the obstacles that debtors and creditors face when attempting to effectuate a sale of a debtor’s assets through a fast-track § 363 sale motion at the outset of a case. The discussion will include (a) the advantages and disadvantages, from both the debtor and creditor perspective, of selling a debtor’s assets through a motion as opposed to a plan, (b) limitations of “free and clear” relief, (c) valuation and marketing on a short timeframe, and (d) insider transactions.