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Credits

Sponsored by Lorman Education
Product ID: 408970EAU
 
Credit & Course Provided by:

Managing a Restructure

OnDemand Webinar (59 minutes)

Learn how to communicate the restructuring process to your business.So few managers and business owners have been on the inside of a bankruptcy, restructuring, or reorganization and have no idea why the other side is doing what they are doing or what they are trying to accomplish, let alone understand how a company can use the process to its advantage. This topic will help you understand how to manage a successful company restructure through communication, engaging employees, selecting the right people, and with case studies.

Authors

Kirk B. Burkley, Esq., Bernstein-Burkley, P.C.

Agenda

Communicating a Vision for Success

• First Step Is Recognizing There Is a Problem

• Cash Is King

• Understanding Business Archetypal Structure (Developed as a Way to Establish How the Organization Functions to Execute Its Goals)

• Communicate Organizing the System in a New Way to Increase the Effectiveness of the Operation, May Result in Changing the Structure

Selecting the Right People

• Attorneys

• Management

• Other Professionals

Communicating the Why and What

• Restructuring Under Chapter 11 Generally Means Relieving Debt Obligations That Stifle Growth, Terminating Unprofitable Contracts, or Selling Unproductive Assets

• Restructure Will Likely Also Include Reconfigurations or More Surface-Level Changes Such as Adding, Splitting, Transferring, or Dissolving Business Units That Do Not Necessarily Impact the Deeper Structure

• Continue Operations and Serve Customers

Engaging Employees

• Plan

• Low Impact

• Ordinary Course Operations

• Debtor's Business Judgment/Oversight of Court

Case Studies/Examples

• Century III Mall

• MHF Trucking

• Prime Metals and Alloys, Inc.