Ep 11 Working In Bankruptcy (Guest Marcus Helt)


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**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

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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.

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