Crucial Steps to be Taken by the Board of Directors of Financially Troubled Companies | Practical Law

Crucial Steps to be Taken by the Board of Directors of Financially Troubled Companies | Practical Law

A Practice Note describing key steps to be taken by the board of directors of a company nearing or experiencing financial trouble. This Note focuses on preparing a board of directors for impending insolvency, with guidance to protect both the company and the board itself.

Crucial Steps to be Taken by the Board of Directors of Financially Troubled Companies

Practical Law Practice Note w-001-3872 (Approx. 10 pages)

Crucial Steps to be Taken by the Board of Directors of Financially Troubled Companies

by S. Jason Teele, Sills Cummis & Gross P.C., and Nicole Stefanelli, Lowenstein Sandler LLP, with Practical Law Bankruptcy & Restructuring
Maintained • USA (National/Federal)
A Practice Note describing key steps to be taken by the board of directors of a company nearing or experiencing financial trouble. This Note focuses on preparing a board of directors for impending insolvency, with guidance to protect both the company and the board itself.