• Ep 11 Working In Bankruptcy (Guest Marcus Helt)

  • Jan 11 2022
  • Length: 37 mins
  • Podcast

Ep 11 Working In Bankruptcy (Guest Marcus Helt)

  • Summary

  • **Warning: This podcast is not a substitute for professional financial or legal advice. Be sure you speak to a CRO or Lawyer before filing for Bankruptcy.**

     Welcome to Corporate Bankruptcy A to Z, a show designed to educate you on the ins and outs and the dos and don'ts of corporate bankruptcy. On this show, you will hear experts from every step of the bankruptcy process answer the questions that you will need to know, from the simple to the complex.
     
     Find more at corporatebankruptcyatoz.com

    3:55 – Corporate by-laws and other documents leading to bankruptcy

    6:20 – Remedies when the corporate by laws are inadequate.

    7:20 – Presenting a plan to the court – the right timing

    9:45 – What is in the plan

    10:37– Debts are paid over a flexible period.

    13:10 – Who prepares the plan?

    14:08 – What happens to the plan after it has been submitted - Disclosure statement

    16:12 – Interested parties get to see the plan. 

    17:35 – Should the company fear publishing too much information?

    18:08 – Days Court needs to review the plan

    19:17 – Are most plans confirmed?

    20:39 – Procedure for creditors to discuss the company’s plan

    21:51 – Interested parties can submit their plan after the exclusivity period

    22:53 – How does the court select the best plan to confirm

    23:55 – Any consideration given to the existing owners 

    24:41 – Advice to clients when preparing a plan

    25:56 – Principals and new value that needs to be added

    27:23 – After confirmation

    28:12 – After exiting bankruptcy

    Guest Info:
    Marcus A. Helt focuses his practice on restructuring and insolvency matters, emphasizing bankruptcy, corporate restructuring, workouts, creditors’ rights and commercial litigation. Marcus typically represents borrower clients, buyers and other interested parties in all industries.
    Call him 214-210-2821 or email Mhelt@mwe.com

    Host Info:
    Neil Goldstein (AKA the Workout Guy) is the founder of Elementary Business inc. a specialized consulting firm for distressed businesses and entities in transition.  With many successes in his portfolio, Mr. Goldstein focuses on the needs of the owner to achieve results in profitability, sale of the company or finding a partner for growth.

    Neil's book is now available on Amazon.com
    Call 940-808-9451 or Email neil@elementarybusiness.com or visit ElementaryBusiness.com.

    Stephen B. Ravin is a highly seasoned insolvency and bankruptcy attorney, with more than 40 years experience. He has served as a trustee and has represented trustees, individual and corporate debtors, creditors, creditors’ committees, assignees for the benefit of creditors and receivers.

    Call 973-286-6714. Or email him sravin@saul.com You can also visit his firm's website

    Want more content? Then head over to Patreon and become a mem

    Want more content? Then head over to Patreon and become a member. On Patreon we are working on a catalogue of bonus episodes and you can hear the answers to your questions from a business perspective instead of just a legal one. If you want more direct access to Neil and Steve or want to supplement the education you are already getting here, then follow the link in the show notes below and become a Patron today.

    Show more Show less
activate_Holiday_promo_in_buybox_DT_T2

What listeners say about Ep 11 Working In Bankruptcy (Guest Marcus Helt)

Average customer ratings

Reviews - Please select the tabs below to change the source of reviews.