This panel will cover issues that arise when property of the estate isn’t property of the estate, tax status issues and tax attributes, including NOLs.
The panel will discuss due diligence requirements before bringing suits, suits or demands made for leverage, asserting claims in excess of estate value, and ethics complaints and litigation advantages.
Once again, dear fans, Boris Badenough is involved in a hot chapter 11 case — this time involving Time & Lord, the owner of a failed movie franchise, “Fat Contests” (based on the book of the same name about an eat-to-the-death contest involving ordinary citizens in a future ruled by junk-food companies). Boris’s wife, Sophia, has been retained by Dallick Capital, the debtor’s investment banker, to handle the sale of the debtor’s intellectual property. However, Tardis Industries, a potential purchaser and creditor, has a problem with Dallick’s disclosure related to Sophia in its employment application. Further, the debtor’s lead counsel, Ciber & Mann PSC, may also have some disclosure issues as one of Boris’ subsidiaries, Master Industries, is one of their clients — and Boris is now interested in buying the debtor’s intellectual property. Will Sophia remain true to her fiduciary duty to her client, or will she give Boris the deal of the century, and will everyone give disclosure a chance?
This panel consists of debtor and creditor lawyers who will debate current problematic issues in chapter 11 cases filed by individuals, including the absolute priority rule and challenges to the lifestyles of wealthy debtors.
Hosted By: Legislation Committee
Congress recently proposed legislation to repeal Title II of Dodd-Frank (the “Orderly Liquidation Authority,” or “OLA”) and replace it with chapter 14 of the Bankruptcy Code. This 75 minute webinar will provide a basic overview of the OLA, and will introduce participants to the current chapter 14 proposal providing for the reorganization or liquidation of large financial institutions. The discussion will explore the policies underlying chapter 14 and concerns surrounding the limits of chapter 11, as well as the potential effects that this proposed legislation would have on large financial institutions and bankruptcy practitioners.
SPEAKERS
Thomas Jackson
University of Rochester
Rochester, NY
Stephen Lubben
Seton Hall University
South Orange, N.J.
Reena Sahni
Davis Polk & Wardwell LLP
New York
Dena Kessler, Moderator
BakerHostetler
Washington, D.C.
You'll have to join us to find out what this one is about. Have lunch with several of the judges at the conference, and have your questions and comments ready.