Herding Clients: Working with Multiple Secured Creditors

 
National Conference of Bankruptcy Judges (NCBJ) and American Bar Association Business Bankruptcy Committee, Secured Creditors Luncheon
Hyatt Regency Chicago, Chicago, IL

Jeanne P. Darcey participated in a panel discussion, "Herding Clients: Working with Multiple Secured Creditors," at the National Conference of Bankruptcy Judges - American Bar Association joint program.

The panel discussed issues arising in restructurings and Chapter 11 cases when secured creditor clients have constituent groups, including communications with participants and beneficiaries, driving consensus on interim and exit strategies, obtaining direction from majorities and meeting rights of minorities, funding bridge or DIP financing, decision-making on credit bidding, and plan voting logistics.