Restructuring Partner Bill Freeman will speak on "Hot topics in Special Assets" at 2:30 p.m. on Tuesday, July 14, during IMN's Bank Special Assets West. Speakers will cover:
- If bankruptcy is too expensive or speculative, what options does the lender have to maximize recovery?
- "Going concern sales", "Orderly Liquidation" and "Forced Liquidation."
- Is a secured creditor's "Article 9 Sale" a realistic alternative?
- Is an "Assignment for the Benefit of Creditors" or an "Operating Receivership" a better mechanism to maximize value?
- Can the lender accomplish its goals by requiring appointment of an "Independent Director" or "Chief Restructuring Officer" to manage the sale process?
- If a note sale is the best alternative, how best to manage it?
- Evolving trend: Using "Asset Monetization" early in the workout process, instead of a "tool of last resort." How asset monetization has evolved from a distressed "fire sale" process into a strategic liquidity and recovery-maximization tool.