Chapter 11 Business Bankruptcy - Getting the Plan ApprovedThe first thing that one needs to do in order to get chapter 11 business bankruptcy plan approved is to watch HBO's hit series Game of Thrones from beginning to end. Sounds crazy? It may be, but one of the story lines that Game of Thrones...
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D.I.P. financingD.I.P. financing is loans for companies who have filed for chapter 11 bankruptcy. While most traditional banks & lenders won't lend money to companies in bankruptcy, we see as the perfect opportunity to help companies restructure their finances. There are a number of situations where D.I.P. financing can help companies: 1. Cashflow - During this process, companies...
What is Chapter 11 Bankruptcy?The following is taken from: Chapter 11 - Bankruptcy Basics
BackgroundA case filed under chapter 11 of the United States Bankruptcy Code is frequently referred to as a "reorganization" bankruptcy. An individual cannot file under chapter 11 or any other chapter if, during the preceding 180 days, a prior bankruptcy petition was dismissed...
Some real estate investment partnerships have to file chapter 11 because the lender doesn't renew the loan at the time of balloon. Some file because of a technical default. Some file because something happens at the property that the owners couldn't have predicted that hurts the occupancy rate. Some file because unexpected repairs cause financial...more
Bankruptcy auction vs. Real Estate foreclosure
When a commercial mortgage is in default and the borrower is in bankruptcy, pursuing a foreclosure is not the only option for recovery.
Often, auctions are a preferred method of sale as opposed to foreclosure for both the borrower and the lender.
Here are the top 5 reasons Chapter 11 Attorneys are bringing in Investment Bankers when defending debtors:5. DIP & Bridge Loan Financing - When working with a debtor, Chapter 11 Attorneys need someone who can help with their cash flow needs and provide financing quickly when the time is right
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