DailyDAC
Tuesday, February 8, 2022
90 Second Lesson: Early Warning Signs of a Troubled Loan

B. James asks, “I own a company that sells inventory to another company. I am considering making my customer a large secured loan. What are some ways I can monitor its performance? Answer: Gary P. Segal and Mark A. Silverman write, “Secured creditors should be diligent in watching for early signs that a borrower is experiencing financial difficulties. Most secured loans are governed by a carefully negotiated loan or credit…” Keep Reading!

Trade Tip #6: What are §503(b)(9) claims?

“Section 503 of the Bankruptcy Code”, writes Hajar Jouglaf, “grants payment priority to “administrative expenses” with the intent of supporting debtor reorganization by encouraging claimants to do business with the debtor. Among them is a §503(B)(9) claim – an administrative expense claim for the value of any goods received by the debtor within…” Keep Reading!

New Books Released

The 2022 editions of Commercial Bankruptcy Litigation & Strategic Alternatives For And Against Distressed Businesses have been released. Updated annually, each weighs in at about 2,000 pages an each represents the collective work of about 150 contributors from scores of leading law, accounting, and advisory firms. If you are with a company subscribes to Westlaw, then online access to these books may be included in your subscription.

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