Hard Money Lending Issues in Bankruptcy

Home
»
Business Law
»
Product Details

You must select a location to proceed.

Yes

There was a problem adding this course to your account. Please try again in a few minutes. If the problem persists, you can contact our support department at (877) 880-1335.

Adding Registration, Please wait...

You must be logged in to perform this action.

Cancel

Hard Money Lending Issues in Bankruptcy

Business Law Section, Insolvency Law Standing Committee

Credit(s):

1.25 Legal Specialization in Bankruptcy Law
1.25 Participatory MCLE Credits

Course Number:

BL_HardMoney_2019_1

Original Program Date:

October 28, 2019

Duration:

1 hour 16 minutes

Access:

Available for 3 months after Registration

Passport:

This product is Passport Eligible

Facebook

E-Mail

Description
Sessions
Credits
Faculty
Materials
Reviews
Dates and Locations
Pricing

Category: Business Law

Category: Business Law (show less)

Frequently, a business debtor will resort to private, unregulated lenders to finance its operations. The resulting credit facilities are usually easier to obtain than a traditional bank loan, but come with more strings attached. Moreover, the lender is usually far more active in monitoring and protecting its interest in these risky loans. Therefore, when a business files bankruptcy, the debtor is immediately confronted with a host of unique issues that may determine its future survival, and the lender is confronted with the possibility that it will not receive the full benefit of its bargain.
In this program, debtors’ counsel will learn:
▪ What a “hard money” loan is and how it affects the debtor’s business.
▪ What “factoring” is, and how it may differ from other private lending.
▪ How to spot a “true sale” of the debtor’s assets to a lender versus an ordinary transfer for security, and the difference that a “true sale” may make in bankruptcy.
▪ How to avoid lender attempts to restrict bankruptcy options, and judicial attitudes towards such restrictions.
▪ In Chapter 11, how to help the debtor navigate cash collateral and post- petition financing issues in order to effectuate a successful outcome.
Creditors’ counsel will learn:
▪ How to secure your clients’ rights in collateral after a business files bankruptcy.
▪ How to avoid being dragged through a costly Chapter 11 bankruptcy in which your client might be“crammed down” and its rights altered.
▪ When and how to assert a lender’s right to foreclose on its collateral or, at a minimum, obtain adequate protection of its interest.

Customers Who Bought This Item Also Bought

(OnDemand)
2020 Annual Meeting: Family Law Year Case Review

(OnDemand)
Subordination and Recharacterization of Claims in Bankruptcy

(OnDemand)
Default Interest Considerations in Bankruptcy

(OnDemand)
Hot Topics for Lenders and Secured Creditors Part 1

(CLEtoGo (Podcasts))
Solo & Small Firm Summit: What Bankruptcy Lawyers Need to Know For Coming Bankruptcy Wave

(OnDemand)
Solo & Small Firm Summit: What Bankruptcy Lawyers Need to Know For Coming Bankruptcy Wave

(CLEtoGo (Podcasts))
2019 Annual Meeting: Bankruptcy and Divorce: What Every Bankruptcy and Family Practitioner Should Know About the Intersection

(OnDemand)
2019 Annual Meeting: Bankruptcy and Divorce: What Every Bankruptcy and Family Practitioner Should Know About the Intersection

(OnDemand)
2019 Annual Meeting: What Every Non-Leasing Lawyer Needs to Know About Commercial Leasing

(OnDemand)
Safe and Sound: How to Survive and Thrive in a Heightened Data Security Environment

(OnDemand)
Discharge Injunction violations: In re Marino Says Fine Print Doesn't Save the Creditor

(OnDemand)
Legal Ethics in a Remote World