Great resource for the business professional suddenly dealing with a Chapter 11 bankruptcy
Without a doubt having to deal with a Chapter 11 reorganization by a customer or business partner is one of the most daunting and difficult tasks a business person can face. Suddenly faced with new concepts, professional jargon, and counter-intuitive ideas like the “automatic stay” or “preference claims” its easy to make a costly and irreversible mistake. Having your lawyer explain things to you carefully isn’t a great option either; not these days when a skilled insolvency practitioner might charge $800 an hour or more for her time. This book does an excellent job of breaking down the basic concepts in a easy to understand manner, in a short form that can be easily absorbed. The book certainly isn’t intended as a desktop reference, but for the business person suddenly faced with an insolvency situation, this book can be a lifesaver.
Warren E. Agin
