Cram Up Under Chapter 11: Overcoming Objections From Dissenting Secured Lenders
A live 90-minute CLE video webinar with interactive Q&A
This CLE course will instruct bankruptcy attorneys about creating and opposing "cram up" Chapter 11 plans under which the plan is accepted by junior creditors and then crammed up on senior objecting creditors.
Outline
- Cramdown vs. cram up
- Relevant Bankruptcy Code provisions
- Terms of cram up plans
- How to determine if cram up is feasible
- Recent cases
Benefits
The panel will review these and other significant issues:
- What are the best ways to plan for cram up before filing?
- What covenants may make it impossible to effect cram up?
- What constitutes the "indubitable equivalent" of a creditor's interests?
Faculty
Stephen B. Selbst
Partner
Herrick, Feinstein
Mr. Selbst has more than 30 years of experience representing debtors, creditors, official committees, distressed... | Read More
Mr. Selbst has more than 30 years of experience representing debtors, creditors, official committees, distressed investors and asset purchasers in bankruptcies and out-of-court restructurings. He is a frequent lecturer on bankruptcy and restructuring topics and has published articles and book chapters on bankruptcy-related topics. He has been frequently quoted in newspaper articles on insolvency related topics and has appeared on CNBC.
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Steven B. Smith
Partner
Herrick, Feinstein
Mr. Smith focuses his practice on complex corporate restructuring and creditors' rights, including in court Chapter... | Read More
Mr. Smith focuses his practice on complex corporate restructuring and creditors' rights, including in court Chapter 11 cases and out-of-court workouts. He represents official and ad-hoc creditor committees, secured lenders, administrative agents, and other parties-in-interest in restructuring matters. He is experienced in analysis of true sale, non-consolidation and bankruptcy remoteness principles.
CloseEarly Discount (through 11/22/24)