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Pillsbury Pillsbury Pillsbury
Pillsbury
Pillsbury Participating

19th Annual Northeast Bankruptcy Conference

Deryck Palmer will be a panelist on a session called "Do "Out-of-the-Money" Creditors Have Standing".

There are many chapter 11's filed primarily to sell the collateral for undersecured creditors—meaning that there isn't any value generated for unsecured creditors or equity. This panel will explore the various issues that result such as basic standing and the appropriateness of forming and maintaining a creditors committee and an equity committee. The panel will also discuss the various arguments put forth to justify a carveout or "gift" for unsecured creditors and the often used "pay-to-play" rule occasionally asserted by out-of-the-money creditor groups. It will also examine ways to identify unencumbered assets early in the case and the possible benefits of keeping them free from post-petition liens granted to DIP Lenders. Lastly, the panel will discuss ways to maximize the Chapter 5 claims and the use of liquidating assets.

Date & Time
7/13/2012
8:30 am - 10:00 am ET

Location
Omni Mount Washington Resort & Hotel
310 Mt Washington Hotel Rd
Bretton Woods, NH 03575

Event Contact
Iveta Niederle

Speakers

Deryck A. Palmer

John D. Sigel, Wilmer Cutler Pickering Hale and Dorr LLP
Hon. Brian K. Tester, U.S. Bankruptcy Court (D. P.R.)
Lynnette R. Warman, Hunton & Williams LLP
Moderator
Steven D. Pohl, Brown Rudnick LLP

Sponsors
American Bankruptcy Institute (ABI)

Pillsbury
Pillsbury Pillsbury Pillsbury