Stephen B. Selbst, Senior Counsel

Herrick Restructuring and Finance Litigation co-chair Stephen B. Selbst, along with partner Steven B. Smith, presented a BARBRI Live Webinar titled "Cram Up Under Chapter 11: Overcoming Objections From Dissenting Secured Lenders."

This CLE course instructed 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.

Discussion topics included:

• 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?