Debtor in Possession Financing
Chicago's Legal Latte
English - March 11, 2021 22:00 - 16 minutes - 13.8 MB - ★★★★★ - 2 ratingsBusiness business law tax law family law estate planning real estate personal injury litigation Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: Cash Flow Solutions
Next Episode: M&A Intermediaries & Brokers
Bankruptcy laws have been changed whereby it is much easier for a business to reorganize and restructure its debt. But when a business does file for a bankruptcy reorganization, it needs to secure a lending relationship whereby cash flow needs can be financed through the bankruptcy. In this podcast, Lavelle Law attorney Ted McGinn and his guest, Tom Stamborski, president of Liquid Capital of Illinois, discuss debtor in possession financing, what financing options are available, and what steps a business can take in order to establish such a relationship in anticipation of a bankruptcy.