Compared with an in-court proceeding, a creditor composition agreement is much less costly. Here’s how to execute one successfully.
Failure to give proper weight to macroeconomic factors in fixing valuation may result in overpaying creditors or having insufficient working capital.
Borrowers should not be surprised when their lender requests a “checkup,” financial review, or audit.
The key to survival in a recession is to anticipate a lender’s every move and every question.
Understanding the role of the chief restructuring officer has never been more important. Here’s what a CRO can and cannot do.
At the moment, the bankruptcy court may be an unfriendly place for impatient lenders.
The chief restructuring officer's duties and degree of autonomy need to be crystal clear, or conflicts could develop.
A company in Chapter 11 must show it can pay "administrative claims" by creditors in order to qualify for DIP financing.
