Choose a state below and click "Add To Cart"
Price: $29
Course Preview
  • Description
    Filing for bankruptcy may seem a last resort to many struggling companies and individuals. But there are myriad reasons, and even some advantages, to filing for Chapter 11. This CLE course will explain the many types of Bankruptcies and their advantages for corporations, investors and even debtors. The course will describe the tax advantages and explain various procedures such as reclassifying secured debt into unsecured debt, payment of interest and treatment of unsecured claims and the process for the free and clear sale of assets. The course will discuss Automatic Stay (Bankruptcy Code § 362), Extension of time to fulfill contractual obligations (Bankruptcy Code § 108) and The Assumption, Assignment or Rejection of Leases and Executory Contracts.
  • Instructor Bio

    Edward Neiger

    Edward E. Neiger is a managing Partner at ASK LLP. Prior to ASK LLP, Edward was the founding partner of Neiger LLP, a premier full service bankruptcy and corporate law firm. Prior to Neiger LLP Edward was an attorney in the Business, Finance & Restructuring department of Weil, Gotshal & Manges LLP, one of the nation's premier restructuring practices.

    At Weil Gotshal, Edward worked on behalf of such debtors as Enron, Worldcom, Global Crossing, Atkins, Parmalat and Vertis.

    At Neiger LLP, Edward represented clients in the bankruptcy cases of Lehman Brothers, American Airlines and General Motors, to name a few. Edward recently represented Madison 92 Associates LLC, an $82 million New York City Marriot-flagged hotel in its successful restructuring. He successfully resolved disputes with numerous adverse parties, including its secured creditors and unions. Edward also represents a wide variety of corporate creditors in large bankruptcies. Neiger LLP represented Chinese conglomerate Heining Mengnu Group Co., Ltd. (Mengnu), the largest unsecured creditor of Jennifer Convertibles, Inc. (JC). Mengnu served as the DIP Lender and Plan Sponsor and ultimately acquired JC through a plan of reorganization, obtaining over 90% of JC's common stock. Most recently, he represented Royal Spirit Ltd., a Hong Kong company and the largest creditor of The Connaught Group, a leading manufacturer and retailer of women's designer clothing with over $100 million in annual revenue that filed for bankruptcy. He used Royal Spirit's leverage as the largest unsecured creditor to acquire The Connaught Group's assets through a joint venture with U.S.-based Tom James Company, a leading manufacturer and retailer of Men's apparel.

    Edward represented the creditors' committees in the bankruptcy cases of jewelry manufacturer First Class Imports, Inc., We Recycle!, a large recycling company with locations in Connecticut and New York, the international jewelry designer Doris Panos Ltd., and TexStyle LLC, a large textile manufacturer. He also represented a group of shareholders in the bankruptcy case of Visteon, Inc. – a $2 billion dollar automotive supplier. He appealed Visteon's plan of reorganization, arguing that the shareholders were being treated unfairly under the plan. As a result of Edward's creative and persuasive legal arguments, Visteon settled with the shareholder group for $2,250,000. Finally, Edward represented the chapter 7 trustee in the bankruptcy case of Kevin C. Davis, where he recovered over $400,000 for the trustee, and wiped out over $10 million in secured debt. Most recently, he represented the trustee in the bankruptcy of The National Sports Museum, where he helped the trustee recover over half-million dollars through preference actions and "director & officer" lawsuits.

    Edward is committed to giving back to the community. In law school, he assisted victims of domestic violence and was awarded the Archibald R. Murray Public Service Award in recognition of his efforts. He has been actively involved in various organizations that provide legal services to those in need on a pro bono basis, including defending low income tenants in eviction proceedings and helping Holocaust survivors recover monetary damages from the German government. Currently, the firm works with the Bankruptcy Assistance Project in helping low-income individuals file chapter 7 bankruptcy petitions, and was presented with awards recognizing its work in 2009 by Judge Bernstein (SDNY) and Chief Judge Craig (EDNY), and in 2010 by Chief Judge Gonzalez (SDNY) and Judge Stong (EDNY).

    Edward authors numerous articles, which are published in national publications including, among others, the American Bankruptcy Institute Journal, the Turnaround Management Association’s Journal of Corporate Renewal, and the Bankruptcy Strategist. He also writes the Bankruptcy Update column for the New York Law Journal.