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Members of the Adams and Reese Commercial Restructuring and Bankruptcy practice served as contributing authors on the 2024 edition of Thomson Reuters’ Strategic Alternatives For And Against Distressed Businesses, an annual comprehensive guide for insolvency professionals.

Contributing Adams and Reese authors include Tim Anzenberger, Richard Carmody, Andy Freeman, Lisa Hedrick, Matt Jackson, Hunter Schoen, Hank Shelton, Brian Smithweck, and John Thomson.

Strategic Alternatives provides an overview of chapter 11 and of all the various alternatives to chapter 11 – both from the company’s (i.e. debtor’s) perspective as well as from the perspective of creditors and other constituents. Options covered include, among others, assignments for the benefit of creditors (ABCs), state court receiverships, federal equity receiverships, compositions, UCC Article 9 sales, and exchange offers.

The 2024 edition, which has nearly 2,000 pages, also includes state-specific chapters on receiverships, and assignments for the benefit of creditors, and chapters that address how companies become distressed, how to turn them around, real estate workouts, and tax issues generally in the context of reorganizations and liquidations. It also has special focus chapters written from the perspective of various constituencies, including the company’s directors and officers, its secured creditors, and potential buyers.

For more information on Strategic Alternatives, visit the Thomson Reuters website.

In Adams and Reese’s Commercial Restructuring and Bankruptcy practice, attorneys represent creditors, commercial lenders, examiners, trustees, purchasers, and commercial debtors in various commercial restructuring and bankruptcy matters including, but not limited to, creditor counsel and representation, bankruptcy and workout needs, avoidance litigation, debtor-in-possession counsel, and asset purchases, among additional areas. The Adams and Reese bankruptcy practice is ranked by clients in Chambers USA.