An Insider’s Guide to Delaware, One of the Busiest Bankruptcy Courts in the United States
Written By Rafael X. Zahralddin-Aravena, Esq. and Elliott Greenleaf, P.C.[1] Wilmington, DE Shareholder, Director and Commercial Bankruptcy and Restructuring Practice Chair Delaware continues to be a venue of choice for parties seeking a consistent and sophisticated jurisdiction to file an insolvency proceeding, whether the case is a large bankruptcy or a midmarket bankruptcy. Companies have the Delaware […]
Red Flags That Warrant Consideration for Renegotiating Terms
Every day that a B2B payment is late, the value of that receivable to the creditor declines. What’s worse is that if a late payer ends up in bankruptcy, it takes the rosiest-colored glasses to hope for more than pennies on the dollar. Spotting negative warning signs and trends among customers in advance of troubled […]
Look for the Warnings Signs of a Distressed Customer
Being able to discern the warnings signs of a financially distressed customer is critical. Although a decline in cash flow is the most important bellwether of financial distress, about 80% of all companies are privately held and don’t provide detailed financial information. As a result, creditors must rely on their customers’ payment patterns, competitors’ experience with the customer, […]
Points to Consider When Doing Business in Brazil
Brazil’s rise as one of the two or three most prolific emerging economies in the world at the beginning of the decade is nothing short of impressive. However, within five years it faltered despite being positioned as host of the World Cup 2014 and the Olympic Games in 2016. Brazil has always been a bit […]