Australia vs USA: Clash of the Debtor in Possession (Chapter 11) Insolvency Regimes
Australia is following down the path of a Chapter 11 bankruptcy program, with a new regime following the Debtor in Possession model. We will discuss how it works in the USA and what Australia's program might be like in comparison. Who will win? Will Australia improve on the US system?
Join us for this webinar featuring Wayne Weitz from B. Riley Financial (USA) and Andrew Barnden from Rodgers Reidy (Aus), with others as they explore the new Debtor in Possession rules that will be used in Australia.
Wayne is one of the premier bankruptcy experts in advising clients and executing transactions in operational and financial management and restructuring, bankruptcy, and insolvency situations.
Andrew is a director with Rodgers Reidy, Australia's only national and international insolvency and restructuring firm, and has more than 20 years’ experience in personal and corporate insolvency.
It is not quite a battle between the competing regimes, but a question of how Australia can learn from the Chapter 11 experience in the States and evolve a system that works for both creditors and debtors.