The Unraveling: Distressed Transactions
Drawing upon anecdotes from their experiences with defaulted transactions in healthcare, higher education, senior living and other sectors, Jessica Zaiger and fellow panelists addressed the phases of a distressed transaction from the initial indications of default through to an exit strategy. Our panelists also highlighted best practices related to the creation of liens and perfection of collateral as well as recent legal precedent that impacts the pledge of security in a bankruptcy context.