TMA Webinar Focuses on Ethical Issues Swirling Around Revolving-Door Filings

CHICAGO, April 9 /PRNewswire/ -- Chapter 11 bankruptcy reorganization filings sometimes beget "Chapter 22s," especially as troubled companies still face difficulty securing credit. The next Turnaround Management Association webinar examines the issue of repeat filings and potential conflicts of interest that can develop.

"Retention of Estate Professionals in Successor Cases" will take place from noon to 1 p.m. Eastern, Tuesday, April 13, 2010.

The webinar will investigate:

• Additional restrictions in the U.S. Bankruptcy Code that can complicate the process
• Factors that result in Chapter 11 cases becoming Chapter 7 cases
• The appropriateness of retaining the same professionals from the initial Chapter 11 case in subsequent bankruptcy filings
• Whether retention of the same professionals poses an inherent conflict of interest between dueling bankruptcy estates.

Moderator:

Jeffrey L. Cohen, partner, Cooley Godward Kronish LLP, New York, New York. Cohen's practice entails Chapter 11 bankruptcy reorganization, liquidation and related litigation.  He frequently represents creditors' committees and debtors in Chapter 11 cases, as well as fee committees, asset purchasers, parties to executory contracts and unsecured creditors.

Panelists:

Ronald J. Friedman, partner, Silverman Acampora LLP, Jericho, New York, represents trustees and creditors in bankruptcy cases and other clients in out-of-court restructurings and creditors' rights controversies. His expertise includes workouts, restructurings, bankruptcies, liquidations and distressed debt transactions.

Marion M. Quirk, counsel, Cole, Schotz, Meisel, Forman & Leonard PA, Wilmington, Delaware, has represented public and privately held companies in out-of-court restructurings and Chapter 11 cases and advised debtors, creditors, lenders and acquirers in complex restructuring transactions.

Peter J. Roberts, member, Shaw Gussis Fishman Glantz Wolfson & Towbin LLC, Chicago, Illinois, has represented and advised debtors, trustees, financial institutions, trade creditors, landlords, equipment lessors and creditors' committees in a variety of insolvency and bankruptcy scenarios.

Sandra Vrejan, partner, Morgan Lewis & Bockius LLP, Boston, Massachusetts, concentrates her practice on domestic and international commercial finance, secured transactions and financial restructurings. She represents lenders and borrowers with a variety of secured, unsecured and syndicated transactions.

Chicago-based TMA, www.turnaround.org, has more than 9,000 members including turnaround practitioners, attorneys, accountants, investors, lenders, venture capitalists, appraisers, liquidators, executive recruiters and consultants. Its Spring Conference takes place April 20-22, at the Sheraton New York Hotel and Towers in New York, NY.

SOURCE Turnaround Management Association