Archives for December 2012

Comparing Liquidation Strategies for Troubled Businesses: Stays or Lack of Stay of Enforcement of Creditors Claims

by RenĂ© Lastreto II1 and Michael J. Gomez2 A troubled business that must be liquidated has some options depending on several circumstances. Obviously, many factors must be considered in choosing the best option for the business, the equity holders in the business and the creditors. This article explores one consideration-stays of creditor enforcement measures. The Assignment for Benefit of Creditors, Receiverships and Bankruptcy each provide different mechanisms for relief from creditor … [Read more...]