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Corporate Bankruptcy A to Z

Corporate Bankruptcy A to Z

Neil Goldstein

Business
Education
Business

Frequency: 1 episode/14d. Total Eps: 16

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The corporate bankruptcy process is explained by seasoned bankruptcy attorneys, consultants, judges and companies who have filed for bankruptcy. It begins with what is bankruptcy, to who should file, how to find the best attorney, what forms to file, what happens to the company after the filing, the plan to exit and how it all works.
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Bonus Ep 2 DIP Lending (Guest Mike Fussell with Aegis)

mardi 22 février 2022Duration 37:06

**Warning: This podcast is not a substitute for professional financial or legal advice. Be sure you speak to a CRO or Lawyer before filing for Bankruptcy.**

 Welcome to Corporate Bankruptcy A to Z, a show designed to educate you on the ins and outs and the dos and don'ts of corporate bankruptcy. On this show, you will hear experts from every step of the bankruptcy process answer the questions that you will need to know, from the simple to the complex.
 
 Find more at corporatebankruptcyatoz.com

04:17 – What is Debtor in Possession Lending (DIP loan)
04:49 – Is a DIP loan is different from a conventional loan?
05:13 – New DIP lender’s higher level of protection – 1st lien
07:27 – Is a DIP loan like a line of credit or term loan?
08:03 – How long should the DIP loan stay in existence?
09:05 – Why a lender would want to make a loan to a company in bankruptcy
10:06 – Legal position of the new lender
10:52 – Other reasons for a DIP loan if you arent needing to pay vendors
12:12 – Requirements to get a DIP loan
13:20 – Why the DIP loan gets preference over all other debts
18:10 – Who has control over cash receipts for a DIP loan
19:28 – Is the DIP loan mutually exclusive from the bankruptcy?
20:25 – Cash available on a DIP loan
21:38 – Are personal guarantees necessary to get a DIP loan?
22:20 – How would new personal guarantees needed to get a DIP loan impact other PG’s
24:06 – Are interest rates higher for a DIP loan?
24:43 – Collateral necessary to get a DIP loan?
26:00 – Parting words on DIP lending – Look for the best deal
28:11 – Highlights from Mike’s DIP best case
32:06 – Overtime

Guest Info:
Mike Fussell oversees new business opportunities and provides guidance in structuring credit facilities to middle-market companies utilized for growth, acquisitions, turn-arounds and general working capital needs. He maintains relationships with Aegis’ capital providers and serves as Chair of the Credit Committee. Michael has over 15 years of experience in finance with positions at RBC, PNC and Wells Fargo serving in various commercial banking capacities.

Call him 813-437-2511

Host Info:
Neil Goldstein (AKA the Workout Guy) is the founder of Elementary Business inc. a specialized consulting firm for distressed businesses and entities in transition.  With many successes in his portfolio, Mr. Goldstein focuses on the needs of the owner to achieve results in profitability, sale of the company or finding a partner for growth.

Neil's book is now available on Amazon.com
Call 940-808-9451 or Email neil@elementarybusiness.com or visit ElementaryBusiness.com.

Stephen B. Ravin is a highly seasoned insolvency and bankruptcy attorney, with more than 40 years experience. He has served as a trustee and has represented trustees, individual and corporate debtors, creditors, creditors’ committees, assignees for the benefit of creditors and receivers.

Call 973-286-6714. Or email him sravin@saul.com You can also visit his firm's website

Want more content? Then head over to Patreon and become a member. On Patreon we are working on a catalogue of bonus episodes and you can hear the answers to your questions from a business perspective instead of just a legal one. If you want more direct access to Neil and Steve or want to supplement the education you are already getting here, then follow the link in the show notes below and become a Patron today.

Bonus Ep 1 Merchant Cash Advances / MCAs (Guest Marc Mellman with MCA Stacking Solutuions)

mercredi 16 février 2022Duration 39:10

**Caution:  Be sure you speak to a CRO or Lawyer before filing for Bankruptcy. This podcast is meant to educate and is not financial or legal advice**

 Welcome to Corporate Bankruptcy A to Z, a show designed to educate you on the ins and outs and the dos and don'ts of corporate bankruptcy. On this show, you will hear experts from every step of the bankruptcy process answer the questions that you will need to know, from the simple to the complex.
 
 Find more at corporatebankruptcyatoz.com

05:19 – Definition of a Merchant Cash Advance, MCA
05:50 – Purchase of future receivable
06:18 – Is an MCA and advance or a loan?
06:43 – The MCA type loan is against a future receivable that may never exist 
07:53 – Primary lender attitudes towards MCAs
09:19 – Confession of Judgement and the impact on the company
12:11 – What happens when a judgement is filed.
13:56 – MCA vs. conventional loans - differences 
16:47 – Usurious interest rates and their tactics to collect
17:40 – Usury laws. Different states have different laws.
19:25 – Does a future receivable equate to a company asset?
22:26 – The MCA takes money from the company’s bank account. Wire or ACH.
23:50 – Company options if it cannot pay the MCA
25:01 – Should MCA companies fear litigation against the company
25:15 – Legal defenses for the company
27.46 – Lender liability laws
29:57 – Recommendations when fighting an MCA
32:06 – Interesting case study

Guest Info:
Marc Mellman spent 20 years as a trial attorney representing banks and financial institutions, 10 years as the chief operating officer of a global energy and environmental brokerage house, and for the past 16 years as a senior executive, general counsel, and management consultant in the factoring and financial services industries. Marc is both the Founder and Managing Director of Clermont Strategic Consulting, a full-service management consulting firm, and the Founder of MCA Stacking Solutions.

Call him (973) 868-0767 or email mmellman@mcastackingsolutions.com

Host Info:
Neil Goldstein (AKA the Workout Guy) is the founder of Elementary Business inc. a specialized consulting firm for distressed businesses and entities in transition.  With many successes in his portfolio, Mr. Goldstein focuses on the needs of the owner to achieve results in profitability, sale of the company or finding a partner for growth.

Neil's book is now available on Amazon.com
Call 940-808-9451 or Email neil@elementarybusiness.com or visit ElementaryBusiness.com.

Stephen B. Ravin is a highly seasoned insolvency and bankruptcy attorney, with more than 40 years experience. He has served as a trustee and has represented trustees, individual and corporate debtors, creditors, creditors’ committees, assignees for the benefit of creditors and receivers.

Call 973-286-6714. Or email him sravin@saul.com You can also visit his firm's website

Want more content? Then head over to Patreon and become a member. On Patreon we are working on a catalogue of bonus episodes and you can hear the answers to your questions from a business perspective instead of just a legal one. If you want more direct access to Neil and Steve or want to supplement the education you are already getting here, then follow the link in the show notes below and become a Patron today.

Ep 4 Part 1 Bankruptcy Traps (Guest Josh Eppich)

mardi 21 septembre 2021Duration 46:15

NOTE: This podcast is not a substitute for professional consul. Consider reaching out directly to any person on this show if you have further questions before taking action on your own.**

 Welcome to Corporate Bankruptcy A to Z, a show designed to educate you on the ins and outs and the dos and don'ts of corporate bankruptcy. On this show, you will hear experts from every step of the bankruptcy process answer the questions that you will need to know, from the simple to the complex.

Email your questions for the experts to neil@elementarybusiness.com and to sravin@saul.com  Their door is always open and they will respond.
 
 Find more at corporatebankruptcyatoz.com

 6:47 - Josh discusses the traps of a bankruptcy
7:55 – Preference claims, personal guarantees, avoidance actions
9:25 – Small to mid-sized capitalized companies
10:10 –  Example of a preference claim
14:13 – Look back period for owners and insiders 
16:36 – Fraudulent transfers 
16:28 – Excess payments 
18:43 – Critical vendor motion and how to handle difficult vendors
20:27 – When to file
21:09 – Look back periods for insiders, equity owners, and personal guarantees. 
22:20 – Violations
22:44 – A case study – highlighting insiders violation
24:21 – Owners’ Personal Guarantees  in a bankruptcy.
28:59 – Do owners keep their ownership in the company?
30:43 – The zero value of the company upon bankruptcy
32:41 – Closing thoughts. 
34:01 – Josh's favorite cases
35:14 – Steve shares his closing thoughts
38:18 – Overtime

Guest Info:
Josh Eppich specialized in helping businesses reach their goals and solve their challenges. He has significant experience representing debtors and creditors in Chapter 11 and 7 Bankruptcy cases across the USA.
Call him (817) 405-6905 or email him joshua@bondsellis.com

Host Info:
Neil Goldstein (AKA the Workout Guy) is the founder of Elementary Business inc. a specialized consulting firm for distressed businesses and entities in transition.  With many successes in his portfolio, Mr. Goldstein focuses on the needs of the owner to achieve results in profitability, sale of the company or finding a partner for growth.

Neil's book is now available on Amazon.com

 Call 940-808-9451 or Email neil@elementarybusiness.com or visit ElementaryBusiness.com.  Visit his Blog here

 Stephen B. Ravin is a highly seasoned insolvency and bankruptcy attorney, with more than 40 years experience. He has served as a trustee and has represented trustees, individual and corporate debtors, creditors, creditors’ committees, assignees for the benefit of creditors and receivers.

 Call 973-286-6714. Or email him sravin@saul.com You can also visit his firm's website.

Next episode will be part 2 in our segment on bankruptcy traps. Our special guest will be Michelle Novick of Saul Ewing Arnstein & Lehr LLP. Listen in on the conversation as she answers questions like “Whos cash is it?” and “What are the different classes of creditors?”. 

Want more content? Then head over to Patreon and become a member. On Patreon we are working on a catalogue of bonus episodes and you can hear the answers to your questions from a business perspective instead of just a legal one. If you want more direct access to Neil and Steve or want to supplement the education you are already getting here, then follow the link in the show notes below and become a Patron today.

Ep 3 Part 2 Alternatives to Bankruptcy (Guest Stephen Ravin)

mardi 7 septembre 2021Duration 37:59

Remember: If you take one thing away from this show, its that you need to seek professional help before making a decision about filing or not filing for bankruptcy**        

Welcome to Corporate Bankruptcy A to Z, a show designed to educate you on the ins and outs and the dos and don'ts of corporate bankruptcy. On this show, you will hear experts from every step of the bankruptcy process answer the questions that you will need to know, from the simple to the complex.

 Email your questions for the experts to neil@elementarybusiness.com and to sravin@saul.com  Their door is always open and they will respond.

 This episode is part 2 of our series on alternatives to filing for bankruptcy. Our special guest is co-host, Stephen Ravin. Listen in as he talks Neil through the other legal options to filing bankruptcy. This episode is essential for anyone looking for an option that is less expensive and less difficult than a bankruptcy filing.

Highlights:
5:20 – Other options to a bankruptcy filing
6:23 – Assignment for the benefit of creditors  (ABCs)
8:27 – Could the company continue operations after filing for an ABC
10:57 – Major benefit of an ABC 
12:19 – Case study of a successful ABC
15:24 – What is a receivership
17:07 – How a receivership is different 
17:52 – Case study of a receivership
20:40 – Description of an Article 9 sale
22:14 – Case study of an Article 9 sale 
24:11 – Description and legal aspects to out of court settlement
26:33 – The benefits of out of court settlement
27:22 – Can a company change the choice they made?
28:49 – Can the owners  buy back their company?
29:29 – How the company, creditors, and secured lenders react 

Guest Info:

 Stephen B. Ravin is a highly seasoned insolvency and bankruptcy attorney, with more than 40 years experience. He has served as a trustee and has represented trustees, individual and corporate debtors, creditors, creditors’ committees, assignees for the benefit of creditors and receivers.

 Call him any time 24/7, 973-286-6714. Or email him sravin@saul.com, you can also visit his firm's website here.

 Host Information:

 Neil Goldstein is the founder of Elementary Business inc., a specialized consulting firm for distressed businesses and entities in transition. Neil works closely with owners to structure improvements in both operations and finances. With many successes in his portfolio, Mr. Goldstein focuses on the needs of the owner to achieve results in profitability, sale of the company or finding a partner for growth.

 Call 940-808-9451 or Email neil@elementarybusiness.com or visit ElementaryBusiness.com

 Our next episode will be about Bankruptcy traps, and will be in 2 parts because there is so much to cover. Our special guest for part 1 will be Josh Eppich of Bonds Ellis Eppich Schafer Jones LLP. Tune in next time as he talks to Neil and Steve about Bankruptcy traps related to ownership, lookback periods, and more.

 

Want more content? Then head over to Patreon and become a member. On Patreon we are working on a catalogue of bonus episodes and you can hear the answers to your questions from a business perspective instead of just a legal one. If you want more direct access to Neil and Steve or want to supplement the education you are already getting here, then follow the link in the show notes below and become a Patron today.

Ep 3 Part 1 Alternatives to Bankruptcy (Guest Nick Jalowski)

mardi 7 septembre 2021Duration 37:40

Caution: Be sure to seek professional advice before you decide to file for bankruptcy. Consider and feel free to reach out to Neil, Steve, or any of their guests before you take this major step.**

Welcome to Corporate Bankruptcy A to Z, a show designed to educate you on the ins and outs and the dos and don'ts of corporate bankruptcy. On this show, you will hear experts from every step of the bankruptcy process answer the questions that you will need to know, from the simple to the complex.

 Email your questions for the experts to neil@elementarybusiness.com and to sravin@saul.com  Their door is always open and they will respond.

Highlights:
8:14 – Experiences with lenders
9:17 – What is a forbearance agreement
12:42 – Alternatives to bankruptcy
13:42– Should the company speak with its creditors when planning a bankruptcy?
15:27 – Out of court settlements 
17:27 - Are lenders willing to work with businesses when it comes to paying back debt?
19:19 – Gaining credibility
22:10 – Who should quarterback the restructuring plan
24:10 – Why creditors should go along with the plan
26:42 – The chances of a successful bankruptcy
28:44 – Professionals needed for an alternative program
29:36 – Alternative plan versus a bankruptcy
31:22 – Final thoughts
32:17 – Case Study

Guest Info:

Nick Jalowski is the founder and has been the managing director of Cambridge Financial Services LLC since its inception. He is a Certified Turnaround Professional (CTP) and Certified Management Consultant (CMC). Formerly a corporate banker with Bank of New York in New York City, and Fidelity Union Bank in New Jersey.

  Call him at 732-512-9200 x15 or email him nbj@cambridgefinancialcorp.com if you have any questions.

  Host Info:

 Neil Goldstein (AKA the Workout Guy) is the founder of Elementary Business inc. a specialized consulting firm for distressed businesses and entities in transition.  With many successes in his portfolio, Mr. Goldstein focuses on the needs of the owner to achieve results in profitability, sale of the company or finding a partner for growth.

 Call 940-808-9451 or Email neil@elementarybusiness.com or visit ElementaryBusiness.com.

 Stephen B. Ravin is a highly seasoned insolvency and bankruptcy attorney, with more than 40 years experience. He has served as a trustee and has represented trustees, individual and corporate debtors, creditors, creditors’ committees, assignees for the benefit of creditors and receivers.

 Call 973-286-6714. Or email him sravin@saul.com You can also visit his firm's website here.

Be sure to come back for our next episode where co-host, Stephen Ravin, talks Neil through the other legal options to filing bankruptcy. This episode is essential for anyone looking for an option that is less expensive and less difficult than a bankruptcy filing. Steve will cover an assignment for the benefit of creditors and much more. 

 

Want more content? Then head over to Patreon and become a member. On Patreon we are working on a catalogue of bonus episodes and you can hear the answers to your questions from a business perspective instead of just a legal one. If you want more direct access to Neil and Steve or want to supplement the education you are already getting here, then follow the link in the show notes below and become a Patron today.

Ep 2 Who Should File? (Guest Tom Colvin)

mardi 7 septembre 2021Duration 33:10

Please: The hosts and guests of Corporate Bankruptcy  A To Z all consistently preach that you need to speak with a professional before deciding to file for bankruptcy.**

Welcome to Corporate Bankruptcy  A to Z, a show designed to educate you on the ins and outs and the dos and don'ts of corporate bankruptcy. On this show, you will hear experts from every step of the bankruptcy process answer the questions that you will need to know, from the simple to the complex.

Email your questions for the experts to neil@elementarybusiness.com and to sravin@saul.com  Their door is always open and they will respond.

 This episode will cover what conditions a company experiences when considering a filing, asset and liability ratios, which professionals might help in making the decision to file and much more.

Highlights:
6:41 - What is the first thing Tom does to help his clients
7:37 – Profits
8;37 – Personal guarantees 
10:58 – Lawsuits and their importance to a filing
12:40 – Bank debt and its importance in a filing
15:07 – Professionals needed for a filing
17:15 – Communications with the company’s primary lender
18:14 – Will a bank work with the company?
20:54 – Should the company threaten to give the keys to the bank if they will not help?
22:37 – Client that filed for good reasons
24:05 – The impact on employees, vendors, creditors
26:27 – How vendors react 
27:42 – Why you should disclose issues to employees 
29:22 – Case study

Guest Info:

 For this episode we have a special guest. Tom A. Colvin of MCR Capital Advisors Corporation. Tom brings over 30 years of work experience working with individuals and companies in a multitude of industries. Tom’s expertise  is focused on enabling businesses in several the facets and activates deemed essential for their operation. 

 Call him at 214-575-9985 or email him colvint@mcrapitaladvisors.com or you can go to their website here.

 Host Info:

 Neil Goldstein (AKA the Workout Guy) is the founder of Elementary Business inc. a specialized consulting firm for distressed businesses and entities in transition.  With many successes in his portfolio, Mr. Goldstein focuses on the needs of the owner to achieve results in profitability, sale of the company or finding a partner for growth.

 Call 940-808-9451 or Email neil@elementarybusiness.com or visit ElementaryBusiness.com

 Stephen B. Ravin is a highly seasoned insolvency and bankruptcy attorney, with more than 40 years experience. He has served as a trustee and has represented trustees, individual and corporate debtors, creditors, creditors’ committees, assignees for the benefit of creditors and receivers.

 Call 973-286-6714. Or email him sravin@saul.com You can also visit his firm's website.

Want more content? Then head over to Patreon and become a member. On Patreon we are working on a catalogue of bonus episodes and you can hear the answers to your questions from a business perspective instead of just a legal one. If you want more direct access to Neil and Steve or want to supplement the education you are already getting here, then follow the link in the show notes below and become a Patron today.

Ep 1 What Is Bankruptcy? (Guest Stephen Ravin)

mardi 7 septembre 2021Duration 28:33

 **WARNING**: Trying to negotiate the bankruptcy process alone can be as foolish as jumping out of an airplane without checking your parachute. Our Panel of experts all recommend you get professional help in making that decision**

 Corporate Bankruptcy  A to Z, a show designed to help you be more educated than 90% of those who file for bankruptcy. On this show, you will hear experts from every step of the bankruptcy process answer the questions that big name businesses go out of their way hear. 

 Email your questions for the experts to neil@elementarybusiness.com and to sravin@saul.com  Their door is always open and they will respond.

In this first episode we will be talking about the two main filing options, the 7 and 11 (not the chain of convenience stores but the bankruptcy chapter names). We will talk about how a company knows if it is a candidate for a filing, advantages and disadvantages, the chances of a successful bankruptcy and much more. 

Highlights: 
3:13 - Chapter 7
6:02 - Chapter 11
10:21 -  Pre-bankruptcy planning, employees, and customers
12:53 - Management
13:08 - Changes to a company
14:43 - Who is protected
16:01 - How long is bankruptcy
16:45 - Case Studys
21:12 - Best time to file
22:17 - Waiting to long
24:04 - Interesting case

Guest Information:

 Stephen B. Ravin is a highly seasoned insolvency and bankruptcy attorney, with more than 40 years experience. He has served as a trustee and has represented trustees, individual and corporate debtors, creditors, creditors’ committees, assignees for the benefit of creditors and receivers.

 Call him any time 24/7, 973-286-6714. Or email him sravin@saul.com You can also visit his firm's website.

 Host Information:

 Neil Goldstein is the founder of Elementary Business inc. a specialized consulting firm for distressed businesses and entities in transition. Mr. Goldstein works closely with owners to structure improvements in both operations and finances. With many successes in his portfolio, Mr. Goldstein focuses on the needs of the owner to achieve results in profitability, sale of the company or finding a partner for growth. 

Call 940-808-9451 or Email neil@elementarybusiness.com or visit ElementaryBusiness.com


Join a supportive team of diverse, highly-motivated professionals to leverage your skills and experience, fuel your professional growth, and make a difference on your very first day.
Check out Strive Consulting

Do you have any concerns about the bankruptcy process and how it will impact your business? Why not ask the experts? Feel free to reach out to Neil or Steve with your questions and you may even hear them answered in the mail bag. Be sure you subscribe the podcast and please consider leaving a 5 star review. New episodes air, every other Tuesday.

 Join us next episode to learn if your business is a candidate for a bankruptcy filing. Our special guest will be Tom Colvin of MCR Capital Advisors. Listen in on the conversation as Tom shares his decades of experience with Neil and Steve and they discuss the

Want more content? Then head over to Patreon and become a member. On Patreon we are working on a catalogue of bonus episodes and you can hear the answers to your questions from a business perspective instead of just a legal one. If you want more direct access to Neil and Steve or want to supplement the education you are already getting here, then follow the link in the show notes below and become a Patron today.

Trailer: Corporate Bankruptcy A to Z

jeudi 22 juillet 2021Duration 01:24

Welcome to Corporate Bankruptcy  A to Z, a show designed to Educate you on the ins and outs and the dos and don'ts of corporate bankruptcy. On this show, you will hear experts from every step of the bankruptcy process answer the questions that you will need to know, from the simple to the complex. Your show host is Neil Goldstein, AKA “the Workout Guy”, A Chief Restructuring Officer who has spent the last 25 years helping over 75 clients take on the bankruptcy process. Alongside him is co-host and legal expert, Stephen Ravin, of Saul Ewing Arnstein & Lehr law firm. He is a 2nd generation bankruptcy lawyer, with over 40 years legal experience his under belt.

Do you have any concerns about the bankruptcy process and how it will impact your business? Why not ask the experts? Email your questions to neil@elementarybusiness.com and to sravin@saul.com Or you can following the link in the show notes below. Make sure you subscribe to the show so you never miss an episode and make sure you are sharing it with those who are making these important decisions with you. New episodes will air on Tuesday, every other week.

Ep 11 Working In Bankruptcy (Guest Marcus Helt)

Season 1 · Episode 11

mardi 11 janvier 2022Duration 37:22

**Warning: This podcast is not a substitute for professional financial or legal advice. Be sure you speak to a CRO or Lawyer before filing for Bankruptcy.**

 Welcome to Corporate Bankruptcy A to Z, a show designed to educate you on the ins and outs and the dos and don'ts of corporate bankruptcy. On this show, you will hear experts from every step of the bankruptcy process answer the questions that you will need to know, from the simple to the complex.
 
 Find more at corporatebankruptcyatoz.com

3:55 – Corporate by-laws and other documents leading to bankruptcy

6:20 – Remedies when the corporate by laws are inadequate.

7:20 – Presenting a plan to the court – the right timing

9:45 – What is in the plan

10:37– Debts are paid over a flexible period.

13:10 – Who prepares the plan?

14:08 – What happens to the plan after it has been submitted - Disclosure statement

16:12 – Interested parties get to see the plan. 

17:35 – Should the company fear publishing too much information?

18:08 – Days Court needs to review the plan

19:17 – Are most plans confirmed?

20:39 – Procedure for creditors to discuss the company’s plan

21:51 – Interested parties can submit their plan after the exclusivity period

22:53 – How does the court select the best plan to confirm

23:55 – Any consideration given to the existing owners 

24:41 – Advice to clients when preparing a plan

25:56 – Principals and new value that needs to be added

27:23 – After confirmation

28:12 – After exiting bankruptcy

Guest Info:
Marcus A. Helt focuses his practice on restructuring and insolvency matters, emphasizing bankruptcy, corporate restructuring, workouts, creditors’ rights and commercial litigation. Marcus typically represents borrower clients, buyers and other interested parties in all industries.
Call him 214-210-2821 or email Mhelt@mwe.com

Host Info:
Neil Goldstein (AKA the Workout Guy) is the founder of Elementary Business inc. a specialized consulting firm for distressed businesses and entities in transition.  With many successes in his portfolio, Mr. Goldstein focuses on the needs of the owner to achieve results in profitability, sale of the company or finding a partner for growth.

Neil's book is now available on Amazon.com
Call 940-808-9451 or Email neil@elementarybusiness.com or visit ElementaryBusiness.com.

Stephen B. Ravin is a highly seasoned insolvency and bankruptcy attorney, with more than 40 years experience. He has served as a trustee and has represented trustees, individual and corporate debtors, creditors, creditors’ committees, assignees for the benefit of creditors and receivers.

Call 973-286-6714. Or email him sravin@saul.com You can also visit his firm's website

Want more content? Then head over to Patreon and become a mem

Want more content? Then head over to Patreon and become a member. On Patreon we are working on a catalogue of bonus episodes and you can hear the answers to your questions from a business perspective instead of just a legal one. If you want more direct access to Neil and Steve or want to supplement the education you are already getting here, then follow the link in the show notes below and become a Patron today.

Ep 10 Contracts And Court Meetings (Guest Joe Marshal)

Season 1 · Episode 10

mardi 28 décembre 2021Duration 36:14

NOTE: This podcast is not a substitute for professional consul. Consider reaching out directly to any person on this show if you have further questions before taking action on your own.**

 Welcome to Corporate Bankruptcy A to Z, a show designed to educate you on the ins and outs and the dos and don'ts of corporate bankruptcy. On this show, you will hear experts from every step of the bankruptcy process answer the questions that you will need to know, from the simple to the complex.

Email your questions for the experts to neil@elementarybusiness.com and to sravin@saul.com  Their door is always open and they will respond.
 
 Find more at corporatebankruptcyatoz.com

06:33 – First day hearings
07:28  – Motion to apply for the use of cash
09:32 – The role of the United States Trustees’ Office
10:54 – Do US Trustee’s handle cases differently?
13:12 – Reports and schedules that need to be filed
14:51 – Creditor’s committee, when and why it forms.
16:54 – Creditor influences on the bankruptcy
17:53 – Are creditor committees formed in all cases?
19:10 – Creditor rights in a bankruptcy
20:21 – The company pays for the creditor’s committee
24:07 – 341 Creditor meeting conducted by US Trustee
26:10 – Can the meeting get confrontational?
27:04 – Timing and filing of a restructuring plan
28:38 – Joe’s thoughts on bankruptcy. A negotiating tool.
30:05 – Steve’s closing thoughts. Fees of attorneys
30:50 – Joe’s interesting bankruptcy case

Guest Info:
Joe Marshall started Marshall Law in 2015 following 25 years of practice at a Texas commercial law firm.  This transition allowed him to continue to provide the highest quality legal representation in more practice areas with flexibility in rate structures and greater personal client service.
Call him 214-579-9173 or email JMarshall@MarshallLaw.net

Host Info:
Neil Goldstein (AKA the Workout Guy) is the founder of Elementary Business inc. a specialized consulting firm for distressed businesses and entities in transition.  With many successes in his portfolio, Mr. Goldstein focuses on the needs of the owner to achieve results in profitability, sale of the company or finding a partner for growth.

Neil's book is now available on Amazon.com
Call 940-808-9451 or Email neil@elementarybusiness.com or visit ElementaryBusiness.com.

Stephen B. Ravin is a highly seasoned insolvency and bankruptcy attorney, with more than 40 years experience. He has served as a trustee and has represented trustees, individual and corporate debtors, creditors, creditors’ committees, assignees for the benefit of creditors and receivers.

Call 973-286-6714. Or email him sravin@saul.com You can also visit his firm's website.

Want more content? Then head over to Patreon and become a member. 

Want more content? Then head over to Patreon and become a member. On Patreon we are working on a catalogue of bonus episodes and you can hear the answers to your questions from a business perspective instead of just a legal one. If you want more direct access to Neil and Steve or want to supplement the education you are already getting here, then follow the link in the show notes below and become a Patron today.


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