Webinar: How Lenders Can Challenge the Automatic Stay in Bankruptcy Proceedings

Most businesses of any meaningful size in the United States have a line of credit or term loan with a bank or other lender that is secured by a lien on substantially all of the assets of that business. Because the filing of a bankruptcy petition immediately and automatically stays all litigation, lien enforcement, or other activities by creditors against the debtor and its property, a lender is blocked from obtaining its collateral. 

One of the strongest tools in a secured lender’s toolbox is the ability to ask the bankruptcy court to lift or modify this automatic stay to allow the secured lender to get to its collateral. In this webinar, Ryan Hardy joins co-panelists in discussing how lenders can challenge the automatic stay. Topics include:

• Why the automatic stay exists and who can challenge it.
• Acts that are prohibited by the stay.
• How the stay is enforced.
• The permitted grounds for seeking relief from the stay.
• Circumstances under which non-bankruptcy litigation may move forward.

Click here to view the full webinar and download the slides presented.

Navigating the automatic stay in bankruptcy proceedings can be a complex challenge. Please reach out to Ryan Hardy or another member of LP’s Financial Services & Restructuring group to learn more.