Dual-Track Chapter 11 Cases: Designing and Implementing Sale Toggles to Maximize and Test Market Value
Recording of a 90-minute CLE video webinar with Q&A
This CLE webinar will discuss dual-track Chapter 11 strategies that simultaneously prepare for reorganization with continued operations while also marketing the distressed business for sale. The program will review the advantages of such plans for both debtors and creditors and what creditors expect to see in such plans.
Outline
- Overview of sale toggles
- Typical structures of proposed plans
- Role of stalking horse bidders
- Reserve pricing
- Incentivizing potential purchasers and maximizing bidders
- Key supporting creditors
Benefits
The panel will review these and other key issues:
- How should toggles be structured and implemented to maximize value?
- What are the risks of the dual-track approach?
- What are debtors’ disclosure requirements under Section 1125?
- How can debtors test the value of the business?
Faculty
Jeffrey P. Bast
Founder
Bast Amron
Mr. Bast has been practicing in the insolvency and litigation arena for 30 years. He guides business clients through... | Read More
Mr. Bast has been practicing in the insolvency and litigation arena for 30 years. He guides business clients through all types of insolvency-related issues, including bankruptcy and bankruptcy avoidance, emphasizing corporate reorganization, workouts, and liquidation. Through his experience in commercial litigation, Mr. Bast knows his way around the courtroom, but he also knows that his clients are often better served by avoiding court. For this reason, his initial focus is avoiding bankruptcy when possible. His business background makes him well-suited to guiding his clients with insolvency-related transactions as well. Mr. Bast has extensive experience with all aspects of bankruptcy sales, acquisitions, and financing. He represents corporate and individual debtors, shareholders, trustees, receivers, indenture trustees, and creditors’ committees, as well as secured and unsecured creditors in workouts, reorganizations, and litigation.
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Jaime Leggett
Attorney
Bast Amron
Mr. Leggett practices in the areas of bankruptcy and complex commercial litigation. His experience includes... | Read More
Mr. Leggett practices in the areas of bankruptcy and complex commercial litigation. His experience includes investigating and prosecuting director and officer liability claims; representing trustees, creditors, equity holders, and debtors in bankruptcy proceedings; federal and state court commercial litigation; and trials in federal, bankruptcy, and state courts nationwide.
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