Advantages of Bankruptcy for Corporations and Investors

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All Courses Available iOS/Android Web

All Courses Available iOS/Android Web

About This Course

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.
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