Responsibilities. And Liabilities When a Company is in Distress. And, How to Prepare for a Meeting with Your Lender

21 Dec , 2021

To register for the upcoming live webinar, please Click Here

When a company is doing well, creditors are happy and may not scrutinize common practices of management or of the board. But, when a company is in distress, you can expect a call from your lender requesting a meeting. And, if the company may be unable to pay creditors in full, creditors may conduct a forensic examination and pursue alternative sources of recovery- such as officers and directors. 

1. When does incorporation not prevent personal liability for a company’s debts?

2. How should the board of directors operate when a company is in distress so as to avoid personal liability? 

3. How should a company prepare for negotiations with its lenders when it needs relief under loan documents? 

This program will examine best practices for management and the board to facilitate a successful financial restructuring and to avoid personal liability. 

 

To register for the upcoming live webinar, please Click Here

More Webcasts

What Is GAAP? (Defin...

This course breaks down GAAP’s ten foundational principles and explores their compliance impli...

Generative AI for Li...

Explore the transformative potential of generative AI in modern litigation. “Generative AI for...

Lawyer Mental Health...

Recent studies have shown that there has been a dramatic increase in impairment due to alcoholism, a...

Litigation Series: S...

Part 1 - This program focuses specifically on cross?examining expert witnesses, whose credentials an...

Legal and Tax Consid...

In “Choosing the Right Business Entity,” I will walk through the issues that matter most...

Introduction to Gove...

Contracting with the Federal Government is not like a business deal between two companies or a contr...

Intellectual Propert...

This program will address some of the most common intellectual property (IP) issues that arise in co...

Accounting Principle...

Attorneys will receive a comparative analysis of GAAP and IFRS with emphasis on cross-border legal c...

Key Differences Betw...

This session highlights the legal and compliance implications of divergences between GAAP and IFRS. ...

Leaving Government E...

The program will cover the key issues for lawyer leaving government employment including the nuances...