President's Column

First and foremost, ABI has second-to-none restructuring and insolvency education (note that I did not say bankruptcy education). There will always be distressed borrowers that need to avail themselves of these Bankruptcy Code provisions, and rightfully so. Sometimes it might be more cost-effective,...

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Bibliographic Details
Published inAmerican Bankruptcy Institute journal Vol. 43; no. 9; pp. 38 - 39
Main Author Ward, Christopher A
Format Journal Article
LanguageEnglish
Published Alexandria American Bankruptcy Institute 01.09.2024
Subjects
Bankruptcy
Consumers
Executive compensation
Insolvency
Leadership
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Summary:First and foremost, ABI has second-to-none restructuring and insolvency education (note that I did not say bankruptcy education). There will always be distressed borrowers that need to avail themselves of these Bankruptcy Code provisions, and rightfully so. Sometimes it might be more cost-effective, or jurisdictionally specific, to conduct an assignment for the benefit of creditors in order to maximize value and distribute to creditors. Or an Article 9 foreclosure sale when a secured lender exercises its remedies when other, more expensive options might not be available.
ISSN:1931-7522