RP128 Show Me the Value: How Valuation Testimony Wins Bankruptcy Cases
The webinar will explain the strategy and timing of valuation in bankruptcy cases. If values are too aggressive, then the Debtor may have an equity cushion which will permit collection of late fees and attorney fees for a secured creditor. If values are conservative, then the Debtor may lose the right to reorganize because the automatic stay will be lifted and the asset subject to foreclosure. The timing of valuation is also critical: before case commences, early in case or as part of a reorganization analysis. It's all about the value of assets especially real property in bankruptcy especially Chapter 11 cases which are actively litigated. Bankruptcy Courts need savvy appraisers who are patient and precise.
Upon webinar completion, the participant will be able to:
- Present General Overview as to Bankruptcy Process Including Requirement, Procedures and necessary expertise;
- Identify specific information concerning Dept. of Justice, United States Trustee, United States Bankruptcy Courts, Professionals and Oversight;
- Analyze Burdens of Proof and Contested Hearings whereby valuation information is required; and
- Discuss need for valuation evidence/determination in terms of amount to be paid to creditors, treatment of interest, late fees and attorneys fees..
Appraisers, lawyers who file bankruptcy proceedings, lawyers who represent creditors in bankruptcy cases
Richard D. Trenk | Partner | McManimon, Scotland & Baumann, LLC
For over thirty (30) years, Richard D. Trenk, an experienced Bankruptcy and Debtor/Creditor attorney, has been providing innovative representation and educational experiences regarding successfully reorganizing large and small businesses and individual's financial affairs. Mr. Trenk has served as President of the Essex County Bar Association, one of the largest County Bar Associations in the mid-Atlantic region. He is currently a member of McManimon, Scotland & Baumann, LLC, with offices in Roseland, NJ, Newark, NJ, Trenton, NJ and New York City, NY. He has investigated numerous debtors and served in various fiduciary capacities including Trustee, Custodial Receiver, Statutory Receiver and FCC Receiver. In these positions, he has recovered millions of dollars for creditors.