Insolvency 101: Evaluating an Insolvent Entity and Rehabilitation Strategies

We are pleased to announce that Roxanne Bahadurji is organizing a program entitled "Insolvency 101:  Evaluating an Insolvent Entity and Rehabilitation Strategies" for the California Bankruptcy Forum's annual Insolvency Conference, set for Saturday, May 16, 2015, at 1:45 pm.  The program description is as follows:
 

The rehabilitation of a corporation is a delicate process often involving a variety of complex issues. In the context of a hypothetical reorganization, the panelists will identify some of the usual suspects that lead corporations into dire financial straits, how to address these issues from a practical standpoint, and how to evaluate the available reorganization mechanisms. In so doing, the panelists will discuss various insolvency tools, including receiverships, assignments for the benefit of creditors, distressed work-outs, and, of course, bankruptcy, and the pros and cons of each for debtors and creditors.


This is sure to be an excellent program.  Read more here, and register here.

Holiday Reading

The holidays are approaching, so why not treat yourself to an education in the history of American bankruptcy law?  Last Christmas, my wife Laura gave me a copy of David A. Skeel, Jr.'s Debt's Dominion:  A History of Bankruptcy Law in America (Princeton University Press, 2001).  Skeel's book explores the development of bankruptcy law from the 1800's to the reforms proposed in the early 2000's, some of which were incorporated in the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005.  Debt's Domion gives a particularly enlightening treatment of railroad receiverships, which ultimately developed into modern Chapter 11 practice, and William Douglas' mid-century crack-down on the Wall Street reorganization bar.  We had the honor of hearing the author give a lecture as the keynote speaker at the California Bankruptcy Forum last May, and his insights into contemporary bankruptcy law and his preductions for the future were fascinating. - Reno Fernandez