Partner Fredric Sosnick (New York-Financial Restructuring & Insolvency) has just released the latest issue of Financially Distressed Companies Answer Book 2019 for the Practising Law Institute (PLI). The book describes issues faced by management, vendors and creditors dealing with financially distressed companies.
The book serves as an up-to-date reference tool for bankruptcy practitioners and non-bankruptcy professionals who are interested in obtaining working knowledge on the bankruptcy process, from identifying the first signs of financial distress to implementing a plan of reorganization.
Topics discussed in Financially Distressed Companies Answer Book include:
- The roles and fiduciary duties of directors and management in distress situations
- Rights and limitations of creditors in dealing with companies in distress and in bankruptcy
- Concepts and considerations relating to out-of-court restructurings
- Cross-border reorganizations and issues in international restructurings
- Key concepts in U.S. bankruptcy cases; illustrative timelines to help guide strategic planning
- Practice and cautionary tips to provide guidance on issues such as how to recognize financial distress, when the securities laws might require disclosure and what actions a creditor may take to protect its rights or limit its exposure
Fred focuses on advising clients in connection with large and complex domestic and international out-of-court restructurings and U.S. Chapter 11 cases. He represents debtors, official creditors' committees, lender groups, DIP lenders, creditors and acquirers of assets.
Order the Financially Distressed Companies Answer Book 2019The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
