"Perspectives: Secured Creditors," Chapter Co-Author

Strategic Alternatives For and Against Distressed Businesses,Thomson Reuters

Dykema is pleased to announce that Chicago-based attorneys Richard M. Bendix, Jr., a member of Dykema’s Bankruptcy and Restructuring Practice Group, and Gary P. Segal, a member of the firm’s Corporate Finance Practice Group, have co-authored a chapter in the 2017 edition of Thomson Reuters book, Strategic Alternatives For And Against Distressed Businesses.

One of West Publishing’s best-selling titles since 2008 and weighing in at more than 1,555 pages, Strategic Alternatives is the result of an effort of more than 100 leading restructuring professionals, from various distinguished firms. 

Bendix and Segal’s chapter, titled “Perspectives: Secured Creditors,” explores distressed businesses from a secured creditor’s perspective and covers the following areas in depth: 

  • signs of a distressed borrower;
  • due diligence—analyzing the borrower’s problems and financial situation;
  • financial consultants / turnaround professionals;
  • analyzing the loan file and collateral;
  • meeting with the borrower;
  • pre-liquidation / pre litigation actions;
  • methods of liquidation / collection; and
  • lender liability and equitable subordination issues.

For more information on the book, click here.