Events

The TOUSA Decisions - Efficacy of Saving Clauses, Post-Insolvency Amendments & More

April 20, 2011

Chadbourne partners Thomas Hall, Thomas McCormack and Seven Riviera were selected by the editorial board of ExecSense to lead a webinar on “The TOUSA Decisions - Efficacy of Saving Clauses, Post-Insolvency Amendments & More.”  The webinar was held on Wednesday, April 20, 2011 and focused on:

• Everything you need to know in 60 minutes about the impact of the Southern District of Florida’s decisions for creditors in financial markets and lenders who agree to amend the terms of existing loans to distressed borrowers
•  Perspective on the impact of the Southern District of Florida’s decisions for both creditors and lenders, whether creditors going forward will be required to investigate all aspects of debtors and debtor affiliates before agreeing to accept payments for valid debts owed, what factors will be necessary to support a determination that a creditor acted in good faith by accepting a payment for valid debts owed, what circumstances will be considered when determining if reasonably equivalent value had been received on account of a transfer, whether the filing of new financing statements in connection with an amendment and restatement of the revolver will invalidate preexisting liens in collateral
• The 10 questions being asked the most by bankruptcy lawyers and their clients with respect to how these decisions will impact them and what proactive steps they should be taking right now
• Case studies of what other bankruptcy lawyers are doing for their clients, now and in the future, based on these rulings