Episodes
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A Podcast for Business Owners
Corporate Bankruptcy
A to Z
Expert guidance on navigating corporate financial distress — from understanding your options to emerging successfully on the other side.
11+
Episodes
14+
Expert Guests
2
Formats per Episode
Bonus
Bonus Episodes
Special episodes covering topics critical to business owners facing financial distress.
Section 1
Merchant Cash Advances
IMPORTANT information to know
Many companies are forced into bankruptcy by these loans. These episodes cover what
every business owner needs to know about Merchant Cash Advances.
Episode 1
Companies Struggling to Pay MCA Loans
Hosted by Neil Goldstein & Stephen B. Ravin
Topics
- Automatic withdrawals & cash flow
- Missed payment consequences
- Renegotiating the MCA loan
- When to bring in a professional
- Bankruptcy option that stops MCAs
Timestamps
Coming soon.
Episode 2
Legal Decisions Useful for Companies in Their Defense
Hosted by Neil Goldstein & Stephen B. Ravin
Topics
- What MCA contracts actually say
- Rights business owners have
- What happens when you default
- Legal protections available
- How to negotiate with MCA lenders
- When bankruptcy is the best exit
Timestamps
Coming soon.
Neil Goldstein & Stephen B. RavinNeil: 940-808-9451
· [email protected]
Stephen: 973-286-6714 · [email protected]
Stephen: 973-286-6714 · [email protected]
Episode 3
Breaking News on MCAs (Merchant Cash Advances)
Hosted by Neil Goldstein & Stephen B. Ravin
Topics
- Latest court rulings on MCA agreements
- New state regulations affecting MCAs
- How recent decisions protect business owners
- What lenders can and cannot do now
- Steps to take if you are currently in an MCA
Timestamps
Coming soon.
Neil Goldstein & Stephen B. RavinNeil: 940-808-9451
· [email protected]
Stephen: 973-286-6714 · [email protected]
Stephen: 973-286-6714 · [email protected]
Section 2
DIP Lending
Bonus
Debtor in Possession Financing
Guest: Mike Fussell — Aegis
Topics
Coming soon.
Timestamps
Coming soon.
Mike Fussell — Aegis
Main Episodes
All Episodes
A complete guide to corporate bankruptcy — from understanding your options to navigating the process.
Episode 1
What Is Bankruptcy?
Guest: Stephen B. Ravin — Saul Ewing LLP
Topics
- Chapter 11 vs. Chapter 7
- Costs and immediate impact
- How long bankruptcy lasts
- When to file
Timestamps
2:15Automatic Stay
4:56Chapter 7
6:10Chapter 11
10:23Pre-bankruptcy planning
15:33How long is bankruptcy
20:45Best time to file
Stephen B. Ravin — Saul Ewing LLP
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 and receivers.
Call him any time 973-286-6714 24/7. Or email him at [email protected]. You can also visit his firm's website.
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 and receivers.
Call him any time 973-286-6714 24/7. Or email him at [email protected]. You can also visit his firm's website.
Episode 2
Who Should File?
Guest: Tom A. Colvin — MCR Capital Advisors
Topics
- Recognizing when bankruptcy is best
- Personal guarantees & significance
- Assets vs. liabilities
- Key professionals needed
- What about the employees
Timestamps
7:22Accurate financial statements
9:25Personal guarantees
16:37Guide: should you file?
24:45Is debt forgiveness taxable?
34:02How to exit bankruptcy
Tom A. Colvin — MCR Capital Advisors.
For this episode we have a special guest. Tom A. Colvin of MCR Capital Advisors Corporation. Tom brings over 30 years of work experience working with individuals and companies in a multitude of industries. Tom’s expertise is focused on enabling businesses in several the facets and activates deemed essential for their operation.
Call him at the number 214-575-9985 [email protected]. You can also visit his firm’s website
For this episode we have a special guest. Tom A. Colvin of MCR Capital Advisors Corporation. Tom brings over 30 years of work experience working with individuals and companies in a multitude of industries. Tom’s expertise is focused on enabling businesses in several the facets and activates deemed essential for their operation.
Call him at the number 214-575-9985 [email protected]. You can also visit his firm’s website
Episode 3 · Part 1
Alternatives to Bankruptcy — Part 1
Guest: Nick Jalowski — Cambridge Financial
Topics
- 13-week cash flow reports
- Forbearance agreements
- Alternatives to bankruptcy
- Speaking with vendors pre-filing
- Good restructuring plans
Timestamps
15:02Forbearance agreement
20:02Alternatives to bankruptcy
24:08Out-of-court settlements
34:22Preference claims
43:32Case study
Nick Jalowski - Cambridge Financial
Nick Jalowski is the founder and has been the managing director of Cambridge Financial Services LLC since its inception. He is a Certified Turnaround Professional (CTP) and Certified Management Consultant (CMC). Formerly a corporate banker with Bank of New York in New York City, and Fidelity Union Bank in New Jersey.
Call him at 732-512-9200 x15 or email him [email protected]
Nick Jalowski is the founder and has been the managing director of Cambridge Financial Services LLC since its inception. He is a Certified Turnaround Professional (CTP) and Certified Management Consultant (CMC). Formerly a corporate banker with Bank of New York in New York City, and Fidelity Union Bank in New Jersey.
Call him at 732-512-9200 x15 or email him [email protected]
Episode 3 · Part 2
Alternatives to Bankruptcy — Part 2
Guest: Stephen B. Ravin — Saul Ewing LLP
Topics
- Other options to Chapter 11
- Out-of-court restructuring
- ABCs — Assignment for Benefit of Creditors
- Receiverships
- Article 9 sales
Timestamps
5:56ABCs explained
15:22What is a receivership
20:45Article 9 sale
29:58Can owners buy back company?
Stephen B. Ravin — Saul Ewing LLP
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 and receivers.
Call him any time 973-286-6714 24/7,. Or email him at [email protected]. You can also visit his firm’s website.
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 and receivers.
Call him any time 973-286-6714 24/7,. Or email him at [email protected]. You can also visit his firm’s website.
Episode 4 · Part 1
Bankruptcy Traps — Part 1
Guest: Josh Eppich — Bonds Ellis
Topics
- Preference payments & what to avoid
- Insider payment risks
- Role of a trustee
- Fraudulent transfers
- Key pre-filing traps
Timestamps
7:28Preference claims
13:46Lookback period for insiders
15:09Fraudulent transfers
22:44Case study: insider violations
34:43Bankruptcy crime disclosure
Josh Eppich — Bonds Ellis
specialized in helping businesses reach their goals and solve their challenges. He has significant experience representing debtors and creditors in Chapter 11 and 7 Bankruptcy cases across the USA. Call him at 817-405-6905 or email him [email protected]
specialized in helping businesses reach their goals and solve their challenges. He has significant experience representing debtors and creditors in Chapter 11 and 7 Bankruptcy cases across the USA. Call him at 817-405-6905 or email him [email protected]
Episode 4 · Part 2
Bankruptcy Traps — Part 2
Guest: Michelle G. Novick — Saul Ewing Chicago
Topics
- Tax traps in bankruptcy
- Lease assumptions and rejections
- Executory contracts
- Avoiding post-filing issues
Timestamps
10:36Obtaining use of cash
16:00Can company sell assets?
20:45Kmart Ruling & critical vendors
29:51Exclusivity period
37:26Existing contracts
Michelle G. Novick — Saul Ewing (Chicago)
Michelle G. Novick is a partner in Saul Ewing Arnstein & Lehr’s Chicago office. Michelle is an experienced insolvency professional with a reputation for thinking “outside the box” and finding practical, efficient solutions to clients’ financial and legal problems. Michelle has represented clients on every side of a transaction in corporate bankruptcy proceedings. She has successfully handled contested and complex arbitrations, addressing contract disputes involving complicated payment terms and has navigated profit and not-for-profit companies through bankruptcy restructurings and sales.
Call Michelle at 312-876-7899 or email her [email protected]
Michelle G. Novick is a partner in Saul Ewing Arnstein & Lehr’s Chicago office. Michelle is an experienced insolvency professional with a reputation for thinking “outside the box” and finding practical, efficient solutions to clients’ financial and legal problems. Michelle has represented clients on every side of a transaction in corporate bankruptcy proceedings. She has successfully handled contested and complex arbitrations, addressing contract disputes involving complicated payment terms and has navigated profit and not-for-profit companies through bankruptcy restructurings and sales.
Call Michelle at 312-876-7899 or email her [email protected]
Episode 5
The Bankruptcy Plan
Hosted by Neil Goldstein & Stephen B. Ravin
Topics
- What goes into a bankruptcy plan
- Disclosure document requirements
- Liquidation analysis
- How creditors vote
- Plan confirmation process
Timestamps
5:06Introduction
6:59The bankruptcy plan and disclosure statement
7:37What is a plan and why it is necessary
9:05Significance of disclosure statement
10:47How many years the plan should cover
13:22What makes a plan acceptable
14:47Cash flow
15:15Projected profitability
15:46The creditor’s position
18:27The 1111b election – used by creditors
22:24Debt from prior to the bankruptcy filing
24:26Court costs and who pays them
25:42How creditors get paid
27:27What happens if the company cannot pay creditors after
the plan has been accepted
25:40Can the company pay creditors early? Can it be less
32:19Convenience class
33:33Can the company pay a different amount to creditors?
34:20Parting words
40:36Overtime
Stephen B. Ravin — Saul Ewing LLP
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 and receivers.
Call him any time 973-286-6714 24/7,. Or email him at [email protected]. You can also visit his firm’s website.
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 and receivers.
Call him any time 973-286-6714 24/7,. Or email him at [email protected]. You can also visit his firm’s website.
Episode 6
Choosing a Bankruptcy Lawyer
Guest: Kim Lynch — Fortran Law
Topics
- How to choose the right attorney
- What fees to expect
- Retainer requirements
- What to ask in the first meeting
Timestamps
11:18Interviewing law firms
18:52Sole practitioner at a disadvantage?
24:35How can company afford attorneys
34:52Forbearance agreements
Kim Lynch — Forman LawKim Lynch of Forman Law, focuses her practice in the field of
bankruptcy law and represents trustees, fiduciaries, and debtors in Chapter 7, 11 and 13 bankruptcy
cases. Ms. Lynch has successfully represented clients in Chapter 11 corporate cases involving real
estate, trucking, manufacturing, retailing and internet services industry. In many of these cases, she
resolved complicated lien issues, resulting in the client’s successful reorganization
Call Kim at 201-845-1000 or email her [email protected]
Call Kim at 201-845-1000 or email her [email protected]
Episode 7
Cash, Creditors & Contracts
Guest: Areya Holder — Private Practice, Dallas TX
Topics
- Cash collateral and DIP financing
- Dealing with secured creditors
- Assumption and rejection of contracts
- Critical vendor motions
Timestamps
17:03How to report cash
30:16Rights of a secured creditor
39:03Company contracts & leases
42:32Lookback periods for insiders
Areya Holder — Private Practice, Dallas TX
Since the start of her legal career, Areya Holder has focused on bankruptcy work for consumers and businesses in Texas. She established her private practice in 2003 after working for six years as an attorney for the Dallas Chapter 13 Bankruptcy Trustee.
Call her at 972-438-8800 or email her [email protected]
Since the start of her legal career, Areya Holder has focused on bankruptcy work for consumers and businesses in Texas. She established her private practice in 2003 after working for six years as an attorney for the Dallas Chapter 13 Bankruptcy Trustee.
Call her at 972-438-8800 or email her [email protected]
Episode 8
Day One After Filing
Guest: Christopher Moser — Huband & Gingley
Topics
- What happens on day one
- First day motions
- How to handle employees
- Press release best practices
- Vendor notifications
Timestamps
7:53First-day motions
14:42Applying for cash collateral
18:13What happens to employees
36:05Owner's compensation
40:30Monthly Operating Reports
Christopher A. Bailey — Holland & Knight
Christopher A. Bailey focuses his practice on bankruptcy and restructuring. He represents both debtors and creditors in complex corporate reorganizations and bankruptcy litigation throughout the United States. Mr. Bailey’s experience includes representing financially distressed entities across various industries, including healthcare, real estate, and energy.
Call him at 214-969-1784 or email him [email protected]
Christopher A. Bailey focuses his practice on bankruptcy and restructuring. He represents both debtors and creditors in complex corporate reorganizations and bankruptcy litigation throughout the United States. Mr. Bailey’s experience includes representing financially distressed entities across various industries, including healthcare, real estate, and energy.
Call him at 214-969-1784 or email him [email protected]
Episode 9
Guarantees & Creditor Meetings
Guest: Jason Manfrey — The Partnership LLC
Topics
- Personal guarantee implications
- 341 meeting of creditors
- Pricing & filing costs
- Negotiating with creditors
Timestamps
10:24341 Meeting — IDI Interview
15:26Prepackaged bankruptcy
29:31Personal guarantees — not stayed
32:58Can company hire/fire employees?
Jason Manfrey — Fox Rothschild LLP
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 him at [email protected]
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 him at [email protected]
Episode 10
Reporting & Restructuring
Guest: Joe Marshall — Cambridge Trust Financial
Topics
- U.S. Trustee reporting requirements
- Monthly financial reports
- Restructuring milestones
- Exit strategy planning
Timestamps
14:04Role of U.S. Trustees' Office
20:24Creditors' Committee — when & why
26:55Company pays for committee
35:57Timing & filing restructuring plan
Joe Marshall — Marshall Law
Joe Marshall started Marshall Law in 2015 following 25 years of practice at a Texas commercial law firm. This transition allowed him to continue to provide the highest quality legal representation in more practice areas with flexibility in rate structures and greater personal client service.
you can reach me at 214-579-9173 or email him at [email protected]
Joe Marshall started Marshall Law in 2015 following 25 years of practice at a Texas commercial law firm. This transition allowed him to continue to provide the highest quality legal representation in more practice areas with flexibility in rate structures and greater personal client service.
you can reach me at 214-579-9173 or email him at [email protected]
Episode 11
Bankruptcy Success
Guest: Jason Manfrey & Marcus A. Helt — McDermott Will &
Emery
Topics
- What bankruptcy success looks like
- Real-world case studies
- Life after reorganization
- Key lessons learned
Timestamps
7:20Presenting plan to court
14:08Disclosure Statement
21:51Competing plans
25:56Principals & new value
28:12After exiting bankruptcy
Marcus A. Helt — McDermott Will & Emery
Marcus A. Helt focuses his practice on restructuring and insolvency matters, emphasizing bankruptcy, corporate restructuring, workouts, creditors’ rights and commercial litigation. Marcus typically represents borrower clients, buyers and other interested parties in all industries.
Call him at 214-210-2821 or email him at [email protected]
Marcus A. Helt focuses his practice on restructuring and insolvency matters, emphasizing bankruptcy, corporate restructuring, workouts, creditors’ rights and commercial litigation. Marcus typically represents borrower clients, buyers and other interested parties in all industries.
Call him at 214-210-2821 or email him at [email protected]