Husch Blackwell LLP recently issued the following announcement.
Many businesses are struggling despite the federal government’s ongoing COVID-19 relief efforts. Given the current economic distress, an uptick in small commercial bankruptcy filings is likely, which will particularly impact community banks. Academic research has shown that debtors who obtain debtor-in-possession (DIP) financing are more likely to successfully emerge from bankruptcy. But many lenders—particularly community banks—are not familiar with how DIP financing works.
This webinar will provide:
- Clear explanation of ways DIP financing can be used in bankruptcy
- Key provisions lenders considering these loans will want to include
- Common objections to DIP financing, to prepare lenders for challenges
Mark T. Benedict, Partner
Michael D. Fielding, Partner
Jessica M. Zeratsky, Partner
Date:
March 24, 2021
Original source can be found here.