Howard B. Samuels, the assignee, will sell the assets of International Spring Company, Inc. Bids are due by March 27th at 12:00 pm CT. For more information, read the full public notice here on DailyDAC.

When faced with distress, there are a wide variety of actions that can be taken. Certain alternatives may be better or worse and can determine whether a company will be able to continue afterward. Review our Insolvency Decision Tree for a map view of information that will help you understand what each bankruptcy path may consist of.

It’s not uncommon in the United States for bankruptcy trustees to “clawback” fraudulent transfers made before a chapter 11 (or, indeed, a chapter 7) bankruptcy case. However, Bernard Madoff’s infamous Ponzi scheme left victims worldwide, with numerous bankruptcy and insolvency proceedings around the world as a result. How are funds recovered across borders? Understand through case examples the complexities of international bankruptcy cases and learn when a trustee can clawback fraudulent transfers by reading How Far Can the Trustee Reach?

Nothing is a better challenge for a board of directors than an existential threat to the company. And there is no greater existential threat than insolvency. Whether a company is insolvent can be unclear. Understand the basics of the law with respect to how directors should act in the face of distress and learn what options are available to cope with distressed situations. Read more information about the Bare Bones Board Basics episode here

Review, from a board director's perspective, the pros and cons of chapter 11, how chapter 11 impacts a business, and how chapter 11 can be used to restructure a company’s debts so it may continue. Read more information about the Bare Bones Board Basics here.