This is where the insolvent
debtor restructures the debts it owes to creditors, according to a rehabilitation plan, while the company continues its operations.
Not exact matches
She has structured private and institutional
debt offerings, venture capital transactions and
debtor - in - possession financings, as well as recapitalizations and
restructurings.
It is a formal
restructuring of assets and
debts, which allows the
debtor to keep paying the
debt over time without having to close his or her business.
Bankruptcy is a legal process which allows
debtors, who are unable to repay
debt owed to a creditor, to either discharge the
debt or
restructure some of their
debt payments.
If you are one of those unfortunate
debtors, saddled with outstanding
debts then it's only advisable that you investigate the
debt restructuring option thoroughly.
As this large legion of insolvent
debtors continue to age, those that don't
restructure their
debts before retirement will find it increasingly difficult to maintain their
debt payments after they retire.
It is childs play to enhance
debtors rights in bankruptcy by allowing judges to reduce
debt on primary residences (after all, other types of
debt can be
restructured, including corporate
debt), by increasing exemptions to, say the generous levels provided in Florida, and let FNM and FRE go belly up.
Student
debt consolidation is an option available to student
debtors who are looking to
restructure their payment agreement on their student loans.
Filing for bankruptcy protection allows many
debtors who are in a financial crisis to discharge or
restructure their
debts and make a fresh financial start.
A
debtor in a Chapter 13 case may be able to
restructure bill payments into a more manageable schedule, and possibly discharge some remaining
debts.
Restructuring & Insolvency: Leading expertise across an exceptional spread of transactions covering a wide range of jurisdictions and complexities, including
debt restructuring and rescheduling, equity capital raising and
restructuring, distressed M&A activity,
debtor advisory work, formal insolvency procedures and contingency planning and investigation, asset tracing and insolvency litigation.
Perkins Coie's Financial Transactions & Restructuring group represents and advises secured and unsecured creditors, committees, lenders, trustees, borrowers, acquirors, indenture trustees and
debtors on matters involving commercial finance transactions, public
debt offerings, project finance, loan documentation,
restructurings, workouts, bankruptcy and the enforcement of creditors» rights and remedies.
We represent
debtors, creditors, trustees, creditors» committees, institutional lenders and investors in connection with out of court
debt restructurings, acquisitions and financings, complex litigation, in addition to Chapter 7, 9, and 11 bankruptcy cases throughout the U.S..
Columbus, who chaired his former firm's bankruptcy group, focuses his practice primarily on business reorganization matters and out - of - court
debt restructurings in a wide range of matters for a diverse group of clients, including banks and other financial institutions, secured creditors, unsecured creditors, creditor committees,
debtors, plan trustees and buyers of distressed assets.
Lawyers in the group handle all aspects of insolvency, including
restructuring, workouts, refinancing of
debt, creditor -
debtor litigation, reorganizations, and liquidations both in and outside of bankruptcy.
We can provide guidance on how to deal with
debt, recovering money from
debtors, negotiating with banks and business
restructuring.
A Company Voluntary Agreement (CVA) provides a company (
Debtor) experiencing financial difficulties with a quick and flexible way of essentially
restructuring its
debts with unsecured creditors with a view to continuing its business.
Chapter 13 allows a consumer more time to repay their
debts through
restructuring, whereas a chapter 7 involves a liquidation of a
debtor's assets and then a distribution of the recovered amount to the
debtor's creditors, with the remainder of the
debts being discharged forever.