Life Settlements – California Broker Magazine. In today’s turbulent economic climate, companies and their advisors must maximize the value of all corporate assets, whether because of succession planning, the sale of a company, reorganization, or liquidation.
Life Settlements of Corporate Owned Life Insurance Policies, by Doug Himmel.
Discovering the Hidden Value of Life Insurance Policies: Application of Life Settlements in the Context of Bankruptcy
With the current economic realities, trustees and debtors-inpossession (“DIP”), typically with oversight by both secured and unsecured creditors, are proactively managing the assets in the bankruptcy estates they are administering to maximize values in order to provide a meaningful distribution to creditors.
NABTalk Magazine. Today’s turbulent economic climate requires that bankruptcy trustees proactively manage the assets in the estates they are administering in order to maximize their value.
Corporate owned life insurance policies, also known as “key person” policies, have traditionally been viewed as a “contingent asset,” meaning the policy has no value until the key person dies. Typically, the business (as owner of the policy) pays the insurance premiums…
Connecticut Turnaround Management Association Newsletter. More than ever, today’s turbulent economic climate requires that troubled companies, either reorganizing or liquidating, observe the duty to maximize the value of their estates and assets.
In recent years, insolvency professionals have realized that monetizing life insurance assets, commonly overlooked in the often frenzied world in which we operate, is an option which may make a significant difference to the case.
Investor’s Business Daily. If your company faced a cash shortage in the past, you’d pick up the phone and call your bank to borrow money. That’s old news.
Michelle Campbell, a former bankruptcy attorney and turnaround consultant with AlixPartners LLP in Los Angeles, tells clients to look for hidden sources of cash.
Women’s Wear Daily. Retail stocks bounced back on Tuesday as word of stabilizing consumer confidence helped the S&P Retail Index end the month and quarter with beefy increases.
Doug Himmel, managing director at Melville Capital, said, “People are digesting and figuring out what is next. The market rallied 800 to 1,000 points in the last couple of weeks, and whether we’ve seen a bottom in consumer confidence remains to be seen.”
Los Angeles Daily Journal. More than ever, today’s turbulent economic climate requires that bankrupt companies, either reorganizing or liquidating, observe the duty to maximize the value of their estates and assets for the benefit of all creditors.
In recent years, bankruptcy professionals across the United States have championed this ideal by monetizing life insurance assets commonly overlooked…
