Ep 4 Part 1 Bankruptcy Traps (Guest Josh Eppich)

NOTE: This podcast is not a substitute for professional consul. Consider reaching out directly to any person on this show if you have further questions before taking action on your own.**

 Welcome to Corporate Bankruptcy A to Z, a show designed to educate you on the ins and outs and the dos and don'ts of corporate bankruptcy. On this show, you will hear experts from every step of the bankruptcy process answer the questions that you will need to know, from the simple to the complex.

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 6:47 - Josh discusses the traps of a bankruptcy
7:55 – Preference claims, personal guarantees, avoidance actions
9:25 – Small to mid-sized capitalized companies
10:10 –  Example of a preference claim
14:13 – Look back period for owners and insiders 
16:36 – Fraudulent transfers 
16:28 – Excess payments 
18:43 – Critical vendor motion and how to handle difficult vendors
20:27 – When to file
21:09 – Look back periods for insiders, equity owners, and personal guarantees. 
22:20 – Violations
22:44 – A case study – highlighting insiders violation
24:21 – Owners’ Personal Guarantees  in a bankruptcy.
28:59 – Do owners keep their ownership in the company?
30:43 – The zero value of the company upon bankruptcy
32:41 – Closing thoughts. 
34:01 – Josh's favorite cases
35:14 – Steve shares his closing thoughts
38:18 – Overtime

Guest Info:
Josh Eppich specialized in helping businesses reach their goals and solve their challenges. He has significant experience representing debtors and creditors in Chapter 11 and 7 Bankruptcy cases across the USA.
Call him [phone] or email him [e-mail]

Host Info:
Neil Goldstein (AKA the Workout Guy) is the founder of Elementary Business inc. a specialized consulting firm for distressed businesses and entities in transition.  With many successes in his portfolio, Mr. Goldstein focuses on the needs of the owner to achieve results in profitability, sale of the company or finding a partner for growth.

Neil's book is now available on Amazon.com

 Call 940-808-9451 or Email [e-mail] or visit ElementaryBusiness.com.  Visit his Blog here

 Stephen B. Ravin is a highly seasoned insolvency and bankruptcy attorney, with more than 40 years experience. He has served as a trustee and has represented trustees, individual and corporate debtors, creditors, creditors’ committees, assignees for the benefit of creditors and receivers.

 Call 973-286-6714. Or email him [e-mail] You can also visit his firm's website.

Next episode will be part 2 in our segment on bankruptcy traps. Our special guest will be Michelle Novick of Saul Ewing Arnstein & Lehr LLP. Listen in on the conversation as she answers questions like “Whos cash is it?” and “What are the different classes of creditors?”. 

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