Actions Against Directors, Officers Common After Chapter 11 Bulk-Asset Sales Leave Nothing to Recover-
In the event of Chapter 11 Bankruptcy, creditors often look to recover funds by individually targeting directors or...more
With COVID-19 having shut down many businesses, lenders increasingly are worried about their borrowers’ ability to repay loans. Lenders are concerned about the value of their collateral because of the loss of the spring...more
6/11/2020
/ Borrowers ,
Collateral ,
Coronavirus/COVID-19 ,
Financial Distress ,
Lenders ,
Loan Agreements ,
Midsize and Large Business Loans ,
Participation Agreements ,
Recharacterization ,
Small Business Loans ,
Subordination
Now is the time to be extra vigilant and to carefully watch over the creditworthiness of your customers. Assume that all of your customers are in, or soon will be in, financial distress. If they have not called you yet to...more
In this Client Alert series, Lowenstein’s Bankruptcy, Financial Reorganization & Creditors’ Rights Department will introduce the various restructuring tools available to help businesses avoid financial catastrophe in the...more
At the moment, the bankruptcy court may be an unfriendly place for impatient lenders.
As the United States and much of the world reel from the coronavirus pandemic, many businesses’ revenues have been shut off (or close to...more
4/7/2020
/ Borrowers ,
Chapter 11 ,
Commercial Bankruptcy ,
Coronavirus/COVID-19 ,
Creditors ,
Debtors ,
Financial Distress ,
Landlords ,
Lenders ,
Tenants ,
Unsecured Debt