Who Will Be There to Shut Off the Lights? Fiduciary Duties and Limiting Personal Liability in Winding Down Entities

Debra Grassgreen will be part of a panel discussion regarding potential personal liability for individuals when a business entity winds down. Scenarios to be discussed include chief restructuring officers, foreclosures under article 9 of the UCC, assignments for the benefit of creditors, and receiverships. This program is held in conjunction with the ABA Business Law Section spring meeting, and is sponsored by the Corporate Governance Committee and the Partnerships and Limited Liability Entities in Bankruptcy Committee.