Spencer Fane attorney Eric Johnson recently joined a Strafford webinar held on January 9 where he outlined what a receivership can and cannot accomplish, how both state and federal receiverships work, when to select each, and what happens if the debtor files bankruptcy anyway.
During the presentation, Pre-Bankruptcy Receiverships for Distressed Borrowers: Advantages and Risks, State or Federal, Receivership Orders, Eric and his fellow panelists provided in-depth analysis of the actual workings of state and federal receiverships, must-have provisions of receivership orders, best practices, and how to hedge the uncertainties that the debtor will file bankruptcy.
At Spencer Fane, Eric is the co-practice group leader for the Banking and Financial Services Group and practice group leader for the Bankruptcy, Restructuring, and Creditors’ Rights Group. In addition to serving as a receiver and bankruptcy trustee, Eric represents clients in bankruptcy; nonbankruptcy insolvency proceedings, such as receiverships and ABCs; out-of-court workouts and restructurings; and other related insolvency matters.