Receiverships, Assignments and Other Bankruptcy Alternatives: What Lies Ahead in 2017
Due to the recent trends and developments, both economically and financially, companies are bombarded with situations that force them to make hasty decisions which greatly influence the financial standing of their businesses.
In this LIVE Webcast a panel of thought leaders and professionals assembled by The Knowledge Group will provide the audience with an in-depth analysis and understanding of the fundamentals as well as recent developments in Receiverships, Assignments and Other Bankruptcy Alternatives. Speakers will provide the audience with the best practices and practicalities in choosing the right alternatives for their businesses.
Key topics include:
- General Overview of Alternatives
- Bankruptcy Alternatives: Receiverships and Assignments
- Scope and Limitation
- Risks and Legal Challenges
- Advantages and Disadvantages of Alternatives
- Recent Trends and Developments
Frank R. Simon, Attorney
Simon PLC Attorneys & Counselors
Brian C. Free, Attorney
Hillis Clark Martin & Peterson P.S.
- Overview – Why Appoint a Receiver
- Benefits of receivership v. bankruptcy
- Role of Receiver
- Powers and discretion
- Effectuate court orders, bring resolution and prohibit liens/lawsuits by creditors
- Jurisdictional Issues
- Interplay between receivership and bankruptcy proceeding
- Specific Uses of Receiverships
- Receiverships, foreclosure, and deficiency actions
- Identify, seize/secure and liquidate real and personal assets to satisfy creditors
- Industries/areas where a receiver can add value: shareholder disputes; family law (divorces); real estate; ongoing businesses
- Assignments of rents vs. appointments of receivers
- Making Optimal Use of Receiverships
- Structuring receivership orders to provide maximum control and flexibility
- Evaluating a receiver's qualifications
- Where receivership go wrong, and how to avoid these pitfalls
- Assignment for Benefit of Creditors
- When is assignment an appropriate alternative to receivership?
Who Should Attend:
- Bankruptcy Lawyers
- Bankruptcy Professionals
- Business Executives
- Sales Executive and Personnel
- Sales Department
- In-house Counsel
- Creditor and Debtors
- Top Level Management
- Multinational Companies
- Private and Public Companies
Frank R. Simon is the Managing Member of Simon PLC Attorneys & Counselors a multi-state law firm headquartered in Bloomfield Hills, Michigan with offices also located in Arizona, Florida, Illinois, New York, Ohio and Texas. Frank’s practice areas include receiverships; creditor’s rights; defensive banking litigation; collections; insolvency proceedings; workouts; foreclosures; negotiable instrument law (check cases) and loan documentation. Frank’s receivership experience is broad and includes litigation of fraudulent transfers, non-dischargeability actions, and administration and liquidation of business and personal property.
Frank is a graduate of University of Detroit School of Law (J.D., 1995), earned an additional graduate degree from the Graduate School of Banking, University of Wisconsin-Madison, and is admitted in Michigan, District of Columbia, New York and Illinois.
Frank R. Simon is the Managing Member of Simon PLC Attorneys & Counselors a multi-state law firm headquartered in Bloomfield …
Brian Free is a partner at Hillis Clark Martin & Peterson in Seattle whose practice focuses on litigation and bankruptcy. Brian regularly represents financial services firms and companies in bankruptcies, receiverships, and complex workouts. Brian has also served as Adjunct Professor of the Bankruptcy Law course at the Seattle University School of Law.
Brian graduated from Stanford University with honors in 1999 and graduated from University of Washington School of Law with honors in 2004. He has been frequently recognized as a “Rising Star” by Washington Super Lawyers.
Brian Free is a partner at Hillis Clark Martin & Peterson in Seattle whose practice focuses on litigation and bankruptcy. …
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Method of Presentation:
Experience in bankruptcy
NASBA Field of Study:
Finance - Technical
NY Category of CLE Credit:
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About Simon PLC Attorneys & Counselors
Simon PLC Attorneys & Counselors is a multi-state law firm with offices in Michigan, Arizona, Illinois, Florida, New York, Ohio and Texas focusing its practice on the representation of financial institutions and corporations. The firm has successfully defended and prosecuted thousands of cases on behalf of financial institutions in state and federal courts. Simon PLC has extensive experience with commercial lending, loan documentation/reviews, banking litigation, workouts, bankruptcy, collections, judgment enforcement, real estate matters, creditors’ rights, insolvency proceedings, negotiable instrument law and defensive litigation involving bank retail and operations, foreclosures and receiverships.
Simon PLC is a cost-effective firm that obtains results for clients in the most efficient manner.
About Hillis Clark Martin & Peterson P.S.
For more than 40 years, the attorneys of Hillis Clark Martin & Peterson P.S. (HCMP) have served local, national, and international clients with the highest levels of professionalism, creativity, and advocacy. HCMP attorneys have developed expertise within four broad practice areas: Business, Lender Services and Finance, Litigation, and Real Estate and Land Use.
HCMP’s strong reputation for quality work, innovative solutions and business-mindedness has led to long-term client relationships in mature industries and has opened doors to emerging businesses in technology and other areas. HCMP’s clients include international and national corporations, as well as regional and local businesses, government entities, individuals, and community groups. HCMP is the only Washington state member of Meritas, a nationwide network of 179 top full-service law firms throughout the world.