Category: Best Commercial Bankruptcy Lawyers

The Canadian Press Ex-French leader Valery Giscard d’Estaing dies at age 94[1] PARIS — Valery Giscard d’Estaing, the president of France from 1974 to 1981 who became a champion of European integration, died on Wednesday. He was 94. Giscard d’Estaing’s office said he passed away in his family home in the Loir-et-Cher region, in central France, after contracting COVID-19. “In...

Terence Banich, partner, Katten, Chicago (left), and John Mitchell, partner, Katten, Dallas. (Courtesy photos) Katten Muchin Rosenman[1] hired two insolvency and restructuring partners on Tuesday—one in Chicago and one in Dallas—as the firm continues to expand a practice area that has been booming in recent months due to COVID-19′s severe effect on many businesses. The most recent additions are Terence Banich, who...

Informal restructuring serves to solve short- or medium-term financial problems. This solution enables the company to apply turnaround measures without having to resort to the Bankruptcy and Insolvency Act. A company can consider this solution if it has few creditors, if the cause of insolvency is already known, and if turnaround measures can be rapidly applied. If the situation allows,...

Corporate bankruptcy may be considered when the capital to restart a company is lacking, when profit expectations are put into doubt, or when the directors lack the desire to continue their commercial activities. A company in a difficult financial situation can resort to the services of a Ginsberg Gingras Licensed Insolvency Trustee for an orderly resolution. An insolvent company is...