Dynata’s Post

Dynata Chapter 11 filing update - Our Financial Restructuring Plan has been approved by the US Bankruptcy Court. This link should provide further details on how Dynata is working to strengthen it's financial position and what can be expected in the future.

When a business or individual is considering filing for bankruptcy, they should understand what the differences are between the three most common forms of bankruptcy: Chapter 7, Chapter 11, and Chapter 13. We give a brief overview below: For more information, please visit: https://bit.ly/3UTYeDN #Chapter7Bankruptcy #Chapter11Bankruptcy #Chapter13Bankruptcy #BankruptcyAttorney

Explore the landscape of financial recovery with our article on Bankruptcy, authored by Navin Lal CA RITP, Senior Manager at Cathro & Partners. Understand the ramifications for your work and travel, and what it means for your assets. Read the full article here: https://lnkd.in/g3yyiAGT For a confidential discussion on these alternatives, reach out to experts at Cathro & Partners - Henry Kazar, Declan Lane, Navin Lal CA RITP #Bankruptcy #PersonalInsolvency #DebtSolutions #CathroPartners

A fantastic resource by Navin Lal CA RITP detailing the Bankruptcy process and what it could mean for you. Get the guidance you need with this read. #Bankruptcy #PersonalInsolvency #DebtSolutions #CathroPartners https://lnkd.in/gQV-jVrV

Our Investment Committee is regularly combing data and bankruptcy filings have been a hot topic in our discussions.  September was the 3rd highest month for bankruptcy filings so far in 2023. The year-to-date total is just 2 filings behind 2020 for the same period.   If the 2023 monthly average continues through the rest of this year bankruptcies will total 688, the US will not have seen this level of filings since 2010. The data is challenging us to make comparisons to the years 2010 (827), 2011 (634) and 2020 (639). 

Great post on DGCL amendment providing potential workaround for zombie companies on an important liquidity issue. Well worth reposting and a must read for corporate counsel.

Bankruptcy can be a complex terrain. Navin Lal CA RITP's latest article helps light the path. Highly recommend this enlightening read. #Bankruptcy #PersonalInsolvency #DebtSolutions #CathroPartners https://lnkd.in/gw-yGPdC

I am interested in how many companies will take advantage (or are even aware) of this workaround to the judicial abrogation of the insolvency exception for the sale or transfer of a distressed company's assets created by the Delaware judiciary.

Delaware corporate law requires shareholder approval of all sales, leases, or exchanges that involve all or substantially all of a corporations assets. In 2022, the Delaware Supreme Court held that this requirement exists even when the shareholders are significantly “out of the money” due to the corporation being deeply insolvent. In response, the Delaware legislature amended Delaware law to include a narrow exception to this rule, thus allowing certain out of court workouts and consensual foreclosures to occur without the need for shareholder approval. See the update below from my Polsinelli colleagues for the full contours of this amendment, and how it may play out in the era of “Zombie companies,” who are acutely susceptible to the end of ZIRP. . . . #restructuring #bankruptcy #distresseddebt #foreclosure #ZIRP #delawarelaw #corporategovernance

A Members' Voluntary Liquidation is a process used to wind up a solvent company and ultimately results in the Company being deregistered with ASIC. A Members’ Voluntary Liquidation is useful when: 🔷 The company has achieved its purpose. Some businesses are established with a single goal in mind. Once that goal is achieved, the business may have little or no activity. 🔷 Owners can’t agree on what to do next. If the owners of a company can’t agree on how to run the company, or if some members want financial independence from the business, an MVL allows for the assets to be distributed fairly. 🔷 Taking advantage of tax exemptions. Certain tax exemptions apply to the distribution of company assets by a Liquidator (such as pre-CGT assets acquired before 20 September 1985). 🔷 Distributing assets to shareholders. While it’s possible to wind up a company and distribute its assets without a Liquidator, professional input ensures the process is handled fairly and legally. For more information, visit businesssavers.com.au or call us today on 1300 069 155 #businesssavers #financialstress #mvl #membersvoluntaryliquidation