Cram-Up Under Chapter 11: Overcoming Objections From Dissenting Secured Lenders
Restructuring & Finance Litigation co-chair Stephen B. Selbst and partner Steven B. Smith will present a CLE webinar entitled "Overcoming Objections From Dissenting Secured Lenders." The panel will instruct bankruptcy attorneys about creating and opposing cram-up Chapter 11 plans under which the plan is accepted by junior creditors and then crammed up on senior objecting creditors.
They will also review these and other significant questions:
- What are the best ways to plan for cram-up before filing?
- What covenants may make it impossible to effect cram-up?
- What constitutes the "indubitable equivalent" of a creditor's interests?