Monthly Archives: December 2010

Distressed Investors May Feel a Chill in the Air

Patrick McCraney Willoughby Law Group, PLLC Copyright 2010 –  All Rights Reserved Distressed Investors Beware:  Use of voter designation and cramdowns to dilute the leverage traditionally enjoyed by strategic buyers of senior secured debt. One of the fastest and most … Continue reading

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Critical Vendor Status in a Business Reorganization

R. Patrick McCraney Willoughby Law Group, PLLC Copyright – 2010 – all rights reserved. Often a company that is involved in a formal restructuring (such as Chapter 11) has incurred pre-petition trade debt with various vendors and suppliers.   Many of … Continue reading

Posted in Bankruptcy, Insolvency and Restructuring | Leave a comment

Bill Rancic’s keynote address to MTA

I had the pleasure of listening to Bill Rancic address the 11th annual MTA conference on High Technology as the keynote speaker.  Mr. Rancic shared various insights from his entrepreneurial and business endeavors.   Most remember Rancic as the winner … Continue reading

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Sale of Assets to Resolve Liquidity Crisis

Sale of Assets to Resolve a Liquidity Crisis – and Potentially Avoid Bankruptcy.   The sale of assets (both core and non-core) is long-established mechanism for Company in the midst of a liquidity crisis to avoid a bankruptcy filing.    Of … Continue reading

Posted in Insolvency and Restructuring | Leave a comment

5 Lessons for Entrepreneurial Survival in a Partnership Dispute

R. Patrick McCraney Willoughby Law Group, PLLC December 1, 2010   Part 1:  5 lessons for entrepreneurial survival in the context of a business dispute.   It is an unfortunate, yet undeniable, truth that most small businesses fail.   For those … Continue reading

Posted in Business Separation | Leave a comment