Assignments for the Benefit of Creditors and Other Restructuring Alternatives
Comment are off
PANEL:
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Kim Posin, Partner, Latham & Watkins
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Jim Baer, President, CMBG Advisors, Inc.
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Richard Munro, Managing Director, Newport Board Group
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Neil Morganbesser, President, DelMorgan & Co.
MODERATOR:
MAJOR TOPICS:
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Recognizing distress, preserving optionality and maximizing value
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Need for early intervention with professionals
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Assignments for the Benefit of Creditors (ABCs) explained
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The ABC process
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Other restructuring option – in-court and out-of-court
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Advantages and disadvantages of ABCs and other restructuring options
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Lender communications
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Dealing with other constituencies
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Roles of professional advisors