Beard Audio Conferences

Distressed Claims Trading

Legal Risks and Options

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Date : Audio CD Available

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Hosted By : Beard Group Law and Business Publishers

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Trading in distressed debt in chapter 11 claims is a multibillion-dollar a year industry that provides tremendous liquidity to the markets.

The trading of claims is a familiar practice in bankruptcy cases both as a short-term investment vehicle and a long-term opportunity. The intention of which is to obtain a strategic position in the confirmation process. It is now clear that the acquisition of a claim carries certain baggage, including the opportunity to be sued for actions that relate to the claim or other types of avoidance actions, which can significantly delay the distribution on the claim.

In this Audio CD (recorded March 2007), Andrew Sherman, Esq. of Sills Cummis Epstein & Gross P.C. examines the various issues and legal pitfalls faced when claims are traded in Chapter 11 cases.

He discusses:

· Risks and opportunities in todays claims trading market.
· Reasons for a transferee's claim against a bankrupt's estate being subordinated or disallowed
· The financial ramifications of a transferees claim being subordinated.
· Consideration of purchasing or contract to purchase only a distribution right - the economic component of the claim.
· Inclusion of contractual protections when drafting any sale of claims document.

Speaker(s):

	Andrew H. Sherman Sills Cummis Epstein & Gross P.C.
Andrew H. Sherman is a Member of the Firm's Creditors' Rights/Bankruptcy Reorganization Practice Group. He has represented clients in a broad range of complex business reorganizations, debt restructurings and insolvency matters. He advises companies experiencing financial difficulties, creditors of such entities, as well as investors and acquirers of substantial assets in bankruptcy cases and workouts. Over the past few years, he has focused his practice on representing incumbent local exchange carriers and competitive local exchange carriers in telecommunications and construction bankruptcy cases across the nation. He has also recently represented large multinational corporations in construction and energy bankruptcy cases. In addition to his bankruptcy experience, he has represented parties in significant commercial litigation in the New York federal and state courts. Prior to coming to Sills Cummis, Mr. Sherman was associated with Parker Chapin Flattau & Klimpl, LLP in New York City. Mr. Sherman was selected for inclusion in the 2007 edition of The Best Lawyers in America and the 2006 edition of New Jersey Super Lawyers.
No Image	Brett H. Miller Otterbourg, Steindler, Houston & Rosen, P.C.
Mr. Miller is a Shareholder of Otterbourg, Steindler, Houston & Rosen, P.C., specializing in the representation of creditors in all aspects of bankruptcy throughout the country. Mr. Miller and his firm have represented or currently represent the Official Committee of Unsecured Creditors in the following cases: Northwest Airlines (New York), US Airways (I and II)(Virginia), Hawaiian Airlines (Hawaii), Aloha Airlines (Hawaii), FLYi, Inc. (Delaware), Gemini Air Cargo (Florida), American Plumbing and Mechanical, Inc. (Texas), Snyders Drug Stores, Inc. (Ohio), GS Industries, Inc. (North Carolina), Valeo Electrical Systems, Inc. (New York), AmeriServe Food Distribution, Inc. (Delaware), Fruit of the Loom, Inc. (Delaware), Phar-Mor, Inc. (Ohio), Best Products Co., Inc. (Virginia) and R.H. Macy & Co., Inc. (New York). Mr. Miller and his firm have represented or currently represent ad hoc committees in ATA, Owens Corning, Footstar, Inc., Casual Male Corp., and Bethlehem Steel. Mr. Miller and his firm also represent individual creditors in numerous bankruptcy cases. Mr. Miller was designated by Turnarounds & Workouts as one of the Outstanding Young Bankruptcy Lawyers in 2003, 2004, 2005 and 2006. Mr. Miller was Co-Chairperson of the Intellectual Property Subcommittee of the Bankruptcy and Reorganization Committee of the Association of the Bar of the City of New York from 2003-2005. Mr. Miller is also a member of the American Bankruptcy Institute. Mr. Miller is a frequent speaker on bankruptcy and workout related topics.

Distressed Claims Trading


Conference Audio CD + Written Materials	US$	35.00	add to cart

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