How to Avoid Bankruptcy

An informative discussion on how to avoid bankruptcy—from how to avoid this from becoming an issue, to how to proceed if inevitable. These three experts have been there/done this dozens of times. The insights and advice they provide are timelier today than when first shared during the height of the COVID-19 pandemic in late 2020, when government stimulus placed the economy on economic life support longer than any of us anticipated. That support is now gone, and the threats to one’s business more varied and intense. Panelists: Pat Brennan, a partner at Platinum Group and a seasoned business executive with a strong track record of success working in a diversity of environments, including distribution, manufacturing, service and banking. He leads financial restructurings and excels in rapidly transitioning environments where cash insufficiency is the key issue that must be overcome. Cameron Lallier, a partner in the Minneapolis office of Foley & Mansfield. Cam practices in the firm’s Banking & Finance and Creditor’s Rights groups and represents banks and other financial institutions in matters involving Chapter 7 and 11 bankruptcies, and the enforcement of security interests. Thomas Lallier, a partner in the Minneapolis office of Foley & Mansfield. Tom has more than 25 years of experience working nationwide in the insolvency arena representing asset-based lenders, equipment and real property lessors, commercial debtors, consignment vendors and creditor committees in Chapter 11 cases, and workouts. He also represents buyers and sellers of companies in merger and acquisitions in many industries, including banks, manufacturing, retail, real estate companies, the industrial industries and technology companies. The discussion is moderated by Dale Kurschner, also with Platinum Group.