Where Has Our Business Gone? – Alternatives to Chapter 11

Rick Mikels will be part of a panel discussion at the NCBJ annual conference in San Francisco.

Anecdotally, practitioners know that work has been slow in the chapter 11 arena. But workouts and distressed transactions are still happening – just in alternative ways. This panel will explore nonbankruptcy restructuring alternatives, such as assignments for the benefit of creditors, receiverships, secured party sales and other solutions.The panelists will explore when nonbankruptcy alternatives are appropriate (and even preferable) and will consider some of the reasons why chapter 11 appears to have fallen out of favor.

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