Law Office of Marc Weitz

Webinar Today! I will present a webinar on Recovering Investments from Borrowers in Bankruptcy to the American Association of Private Lenders (AAPL) at 11am PT / 2pm ET. You can still sign up at https://us02web.zoom.us//register/WN_UFIzM_IBQEueN332w0bijA I will discuss: When lenders can ask the bankruptcy court for permission to foreclose.... What to do if lenders can’t get permission to foreclose. How to avoid costly mistakes in a borrower’s bankruptcy. How to analyze the debtor’s bankruptcy plan to make sure the lender’s interest is accurately represented. New ideas in actions private lenders can take in advance to mitigate bankruptcy risk. By the end of the webinar, private lenders will know what practical, actionable steps they can take when a borrower files for bankruptcy The live webinar is free. After the presentation, the recording is only available to AAPL members. #aapl #aaplwebinar #privatelender #bankruptcy #bankruptcycounsel #bankruptcyattorney #attorney #hardmoneylender #hardmoney #chapter7bankruptcy #chapter11bankruptcy #webinar #reorganization #liquidation #foreclosure #automaticstay

Hello! A reminder for my webinar Wednesday about Recovering Investments from Borrowers in Bankruptcy that I will present to the American Association of Private Lenders (AAPL) on October 7, 2020 at 11am PT / 2pm ET. I will discuss: When lenders can ask the bankruptcy court for permission to foreclose.... What to do if lenders can’t get permission to foreclose. How to avoid costly mistakes in a borrower’s bankruptcy. How to analyze the debtor’s bankruptcy plan to make sure the lender’s interest is accurately represented. New ideas in actions private lenders can take in advance to mitigate bankruptcy risk. By the end of the webinar, private lenders will know what practical, actionable steps they can take when a borrower files for bankruptcy The live webinar is free. After the presentation, the recording is only available to AAPL members. https://us02web.zoom.us//register/WN_UFIzM_IBQEueN332w0bijA #aapl #aaplwebinar #privatelender #bankruptcy #bankruptcycounsel #bankruptcyattorney #attorney #hardmoneylender #hardmoney #chapter7bankruptcy #chapter11bankruptcy #webinar #reorganization #liquidation #foreclosure #automaticstay

You're all invited to attend my webinar next week on Wednesday, Recovering Investments from Borrowers in Bankruptcy, that I will present to the American Association of Private Lender (AAPL) on October 7, 2020 at 11am PT / 2pm ET. I will discuss: When lenders can ask the bankruptcy court for permission to foreclose. What to do if lenders can’t get permission to foreclose. The difference in treatment between undersecured and oversecured loans. (Under certain circumstance...s, private lenders can recover post-petition interest and attorneys' fees if they're oversecured.) How to avoid costly mistakes in a borrower’s bankruptcy. How to analyze the debtor’s bankruptcy plan to make sure the lender’s interest is accurately represented. Actions private lenders can take in advance to mitigate bankruptcy risk. By the end of the webinar, private lenders will know what practical, actionable steps they can take when a borrower files for bankruptcy The live webinar is free. After the presentation, the recording is only available to AAPL members. https://us02web.zoom.us//register/WN_UFIzM_IBQEueN332w0bijA

You're all invited to attend my webinar, Recovering Investments from Borrowers in Bankruptcy, that I will present to the American Association of Private Lender (AAPL) on October 7, 2020 at 11am PT / 2pm ET. I will discuss: When lenders can ask the bankruptcy court for permission to foreclose. What to do if lenders can’t get permission to foreclose. The difference in treatment between undersecured and oversecured loans. (Under certain circumstances, private lenders can ...recover post-petition interest and attorneys' fees if they're oversecured.) How to avoid costly mistakes in a borrower’s bankruptcy. How to analyze the debtor’s bankruptcy plan to make sure the lender’s interest is accurately represented. By the end of the webinar, private lenders will know what practical, actionable steps they can take when a borrower files for bankruptcy The live webinar is free. After the presentation, the recording is only available to AAPL members. https://us02web.zoom.us//register/WN_UFIzM_IBQEueN332w0bijA See more

The term for this is zombie companies, that is companies that should be in bankruptcy but are being kept in business with cash infusions from the government. https://www.miamitodaynews.com//business-bankruptcy-rise-/ #bankruptcy #bankruptcyattorney #bankruptcylawyer #bankruptcylaw #chapter11 #chapter7 #reorganization #coroanvirus #covid19

Green solutions should be part of a successful strategy for bankrupt companies to emerge from chapter 11 reorganization. A major way companies get through bankruptcy is by erasing costs through closing stores and laying off employees. But green solutions, like cutting down on waste, reducing packaging, and lowering transportation costs are not only a great way to save money but help the environment and improve the company’s image. https://www.thebalancesmb.com/29-cost-saving-...sustainability Can anyone share their stories of bankrupt companies using environmental solutions successfully to help reorganize? #bankruptcy #environment #greensolutions #chapter11 #reorganization #restructuring

Related to my recent article in Business Law Today about businesses using chapter 11 to close unprofitable locations, CPK filed for bankruptcy to do exactly that. A debtor can use chapter 11 to break leases and limit damages. https://edition.cnn.com//california-pizza-kitch/index.html #covid19 #coronavirus #bankruptcy #chapter11 #business #reorganization #restructuring #leases

Believe it or not, personal bankruptcies dropped sharply from April through June despite huge unemployment, record total U.S. household debt at $14.3 trillion, and the large number of retail bankruptcies. The reason is the $600 per week federal unemployment benefit increase that is set to run out at the end of this month if congress doesn’t act. #bankruptcy #umemploymentbenefit #coronavrius #recession #economiccrisis #personalbankruptcy #chapter7 #chapter11 https://www.nytimes.com//personal-bankruptcies-coronavirus

The American Bar Association's magazine Business Law Today published my article on strategies for retailers and restaurants impacted by COVID-19 to survive in chapter 11 bankruptcy by closing unprofitable locations while capping damages for breaking leases and keeping open profitable locations with a payment plan for past-due rent for a successful exit from the crisis. https://businesslawtoday.org//bankruptcy-tools-help-busin/ #bankruptcy #restructuring #reorganization #chapter11 #lease #commercial #businesslawtoday #aba #americanbarassociation #breach #assumption #rejection #coronavirus #covid #covid19 #economiccrisis

After the Brooks Brothers’ bankruptcy, another retailer falls victim to the covid shutdown. It feels like it will soon be only Amazon left. https://www.businessinsider.com/mujis-us-business-seeks-ban #bankruptcy #muji #brooksbrothers #mujibankruptcy #chapter11 #chapter7 #covid19 #covid #economy #coronavirus

Another big coronavirus bankruptcy. Franchisee NPC International has $1 billion in debt and operates in 27 states. They are likely to get through it, but many employees of its 40,000-person workforce may find themselves let go. https://edition.cnn.com//npc-international-pizz/index.html #bankruptcy #chapter11 #reorganization #restructuring #wendys #pizzahut #franchise #restaurant #coronavirus

French firm Technicolor filed for chapter 15 bankruptcy yesterday. There’s an obvious joke here, but I refuse to make it. For those of you wondering, a chapter 15 bankruptcy is for foreign companies to protect their US assets and deal with cross-border insolvency issues while they reorganize. https://news.bloomberglaw.com//media-firm-technicolor-cite #bankruptcy #technicolor #coronavirus #chapter15 #crossborderbankruptcy #crossborderinsolvency #insolvency

The incredible story of the rise in Hertz’s stock price since filing for bankruptcy continues as the court today approved the company’s plans to take advantage of the price hike and issue more shares to raise money to pay off its creditors. This is a somewhat unprecedented move in that many analysts are calling the shares worthless. https://www.thestreet.com//hertz-tumbles-as-bankruptcy-jud #bankruptcy #hertz #chapter11 #bankruptcylaw

Hertz stock is incredibly up 825% since filing for bankruptcy. While Hertz will likely survive its bankruptcy by working out a confirmable plan with its creditors, it’s unlikely that there will be any value left for its current shareholders. https://markets.businessinsider.com//hertz-stock-price-sky (Disclaimer: this is not investment advice)

America Inc faces a wave of bankruptcies, but many companies can find hope in restructuring. Good Economist article on how dire things are and possible strategies to survive. https://www.economist.com//america-inc-faces-a-wave-of-ban #economist #bankruptcy #chapter11 #businessbankruptcy #restructuring #reorganization #chapter7 #covid19 #coronavirus #crisis