43 min 37 sec
Perspectives and advice from three experts who collectively have been there/done this 100+times. This panel discussion with three veterans of business workouts and bankruptcies delves into how best to avoid having to file, and if unavoidable, what to do to come out of the process as well as possible. Our panelists are: Pat Brennan, a partner at Platinum Group in Minnetonka, MN. Pat is a seasoned business executive with a strong track record of success working in a diversity of environments, including distribution, manufacturing, service and banking. He leads financial restructurings and excels in rapidly transitioning environments where cash insufficiency is the key issue that must be overcome. Cameron Lallier, a partner in the Minneapolis office of Foley & Mansfield, where he practices in the firm's Banking & Finance and Creditor's Rights groups. Cam represents banks and other financial institutions in matters involving Chapter 7 and 11 bankruptcies and the enforcement of security interests. Thomas Lallier, is a partner in the Minneapolis office of Foley & Mansfield. Tom has more than 25 years of experience working nationwide in the insolvency arena representing asset-based lenders, equipment and real property lessors, commercial debtors, consignment vendors and creditor committees in Chapter 11 cases, and workouts. He also represents buyers and sellers of companies in merger and acquisitions in many industries, including banks, manufacturing, retail, real estate companies, the industrial industries and technology companies. This panel discussion was produced by Platinum Group and moderated by Dale Kurschner.