Tom Salerno to Present on Cash Collateral DIP Financing
Stinson Leonard Street bankruptcy lawyer Tom Salerno is presenting on cash collateral DIP financing at a Financial Poise webinar sponsored by EisnerAmper.
The webinar is at 11 a.m. Central Feb. 20, 2017. "Cash Collateral and DIP Loan Contests" will cover the legal issues debtors must deal with to acquire funds within a Chapter 11 bankruptcy to continue operations, pay vendors and professionals, work to restructure debt and sell assets. There are two common sources for this money: existing cash or new money coming in to the estate in the form of a post-petition debtor-in-possession (DIP) loan. A debtor must get a court order allowing the use of either type of funds, and that order often contains terms that impact the entire course of the proceeding. As a result, the battles over the terms of the use of cash collateral or DIP financing are some of the most hotly contested in the Chapter 11 process, involving numerous parties including the debtor, secured lender, unsecured creditors’ committee, and third party DIP lender. This webinar presents practical tips for each of these parties to protect their respective interests.
For more information on the webinar, or to register, visit Financial Poise's website.
Tom is a partner in the Bankruptcy and Creditors' Rights group and practices in the firm's Phoenix office. He represents distressed companies, acquirers and creditors in financial restructurings and bankruptcy proceedings, pre- and post-bankruptcy workouts, and corporate recapitalizations.