Automotive Chapter 11 Bankruptcy Overview with Jason W. Bank

Automotive Insiders is presented by OESA, the Original Equipment Suppliers Association. Industry experts discuss Automotive hot topics to keep the Automotive Supplier Community up to date on the fast-changing mobility landscape. From post-pandemic manufacturing restart planning and worker safety measures, to legal issues and supply chain disruptions, Automotive Insiders is your source of timely and relevant content. Host Bonnie D. Graham welcomes attorney Jason W. Bank, the chair of Kerr Russell’s Bankruptcy and Restructuring Practice Group, in Detroit. Kerr Russell is a full-service business law firm that represents numerous automotive businesses with all aspects of their legal needs. Mr. Bank explains how an automotive business in a Chapter 11 bankruptcy must prepare a comprehensive and realistic plan to restructure its financial affairs and demonstrate the plan has a reasonable chance of success with creditors, who are permitted to vote on it. He advises, “Contested hearings over disputes with creditors lead to more fees and expenses and can harm a company's ability to emerge from Chapter 11.” Tune in to hear more of his expertise. For information about OESA events, visit OESA.org. To hear industry insights on previous OESA podcasts: Automotive Insiders.