Polsinelli Podcasts: Out-of-Court Alternatives to Bankruptcy

Given the economic downturn of recent years, professionals fees and cost have been a driving factor in conducting the acquisition of distressed assets. A majority of these transactions take place pursuant to section 363 of the Bankruptcy Code. However, out-of-court alternatives such as Receiverships, Assignments for the Benefit of Creditors, and Article 9 of the Uniform Commercial Code have gained momentum to bankruptcy as expeditious and cost-efficient alternatives. In this week’s Polsinelli Podcast, Bankruptcy and Financial See more +Given the economic downturn of recent years, professionals fees and cost have been a driving factor in conducting the acquisition of distressed assets. A majority of these transactions take place pursuant to section 363 of the Bankruptcy Code. However, out-of-court alternatives such as Receiverships, Assignments for the Benefit of Creditors, and Article 9 of the Uniform Commercial Code have gained momentum to bankruptcy as expeditious and cost-efficient alternatives. In this week’s Polsinelli Podcast, Bankruptcy and Financial Restructuring Co-Chairs Jim Bird and Chris Ward discuss this issue and an upcoming webinar. For more information go to www.polsinelli.com

This webinar is February 12, 2015, 12:00 pm CT, and will focus on the sale of distressed assets under each of these alternatives, including bankruptcy and a special emphasis on the sale or acquisition of distressed health care assets. For more information on the webinar contact Meg Cornell, [email protected]

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