Category Archives: Insolvency and Restructuring

Stalking “Ponies” – Are break up fees a thing of the past?

Posted on January 30, 2011 by Patrick McCraney

The “Stalking Horse” is a term of art often used in the bankruptcy court to describe the initial bidder for a bankrupt company’s assets.   Typically, a company in bankruptcy will reach a deal with an outside bidder that wants to … Continue reading →

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Critical Vendor Status in a Business Reorganization

Posted on December 8, 2010 by Patrick McCraney

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 →

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Sale of Assets to Resolve Liquidity Crisis

Posted on December 2, 2010 by Patrick McCraney

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 →

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Options for Distressed Companies

Posted on November 27, 2010 by Patrick McCraney

A menu of options for a business to consider when navigating a business through a liquidity crisis. By:  R. Patrick McCraney Willoughby Law Group, PLLC October-2008 The saying “cash is king” is, quite simply, a truism of business.   Cash solves … Continue reading →

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