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

Top Ten Tips for Dra...

In the rapidly evolving landscape of employment law, arbitration agreements have become a cornerston...

Budgeting & Forecast...

This CLE session introduces attorneys to budgeting and forecasting concepts used in corporate planni...

Intellectual Propert...

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

Litigation Series: M...

This companion program to Part 1 goes deeper into the rhetorical power of Shakespeare, emphasizing h...

Litigation Series: E...

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

Litigation Series: C...

This program provides a comprehensive analysis of the Sixth Amendment Confrontation Clause as reshap...

Lawyer Mental Health...

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

Litigation Series: M...

This Shakespeare?inspired program illustrates how Shakespearean technique can enrich courtroom advoc...

Reinventing Project ...

The landscape of global finance is undergoing a seismic shift as traditional assets migrate to the b...

Law in the Age of La...

Large World Models (LWMs)— the next generation of AI systems   capable of generating...