Ep 9 Upon Filing What Changed (Guest Jason Manfrey)

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06:04 –  Approval of cash collateral
08:33 – 341 meeting – IDI – Initial Debtors Interview. Expectations and the game plan
09:24 – When creditors become hostile
10:15 – Example of a 341 meeting.
12:47– A prepackaged bankruptcy
13:39 – If the company’s actual results differ from the budget
14:28 – When operations after the filing are less than expected
15:21 – The court involvement
16:09 – When reports lack credibility
17:10 – How to work with important vendors
21:37 – Management’s compensation 
23:25 – Personal guarantees – Not stayed
25:30 – Creditor litigation after a filing 
26:10 – Can the company hire and fire employees?
27:12 – How family members are treated
28:04 – Closing thoughts

Jason Manfrey An experienced bankruptcy attorney, Jason has appeared before the Third Circuit, as well as bankruptcy and district courts throughout Pennsylvania, New Jersey and Delaware. He has guided clients in structuring sales of coal and natural energy companies and their mining/mineral lease rights through Chapter 11 bankruptcy. Jason also has significant experience in the automotive industry, including the largest Porsche dealership in the Commonwealth of Pennsylvania. You can reach him at 215-299-2122 or email [e-mail].

Host Information:

Neil Goldstein (AKA the Workout Guy) is the founder of Elementary Business inc. a specialized consulting firm for distressed businesses and entities in transition. Mr. Goldstein works closely with owners to structure improvements in both operations and finances. 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  available on Amazon.com

Call 940-808-9451 or Email [e-mail] or visit ElementaryBusiness.com

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 a

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