What are Your Exit/Transition Options in an Insolvency Situation?



What are Your Exit/Transition Options in an Insolvency Situation?

When facing potential insolvency, there are several options to consider. A panel of thought leaders will offer an in-depth discussion of bankruptcy alternatives, such as receiverships, general assignments, UCC foreclosure sales and out-of- court workouts to maximize shareholder value.


Learning Objectives:

  • Why bankruptcy isn’t always the best option
  • Business considerations when selecting an Alternative
  • General overview of Alternatives
    • Assignment for the Benefit of Creditors
    • Receiverships
    • Article 9 Foreclosures
    • Out of Court Work Outs
  • Considerations when selecting an Alternative
    • The advantages and disadvantages to each Alternative
    • Who controls the process
    • How each Alternative compares to bankruptcy


About the Presenters:

Hear from panelists Jonathan J. Wernick, and Jim Felton with moderator Baruch Littman, Vice President, Development, Jewish Community Foundation.

Meet the Panelists


Thank you to our sponsoring firm:

JCF Logo Colo



The EPI Local Chapter is different than other groups because it brings together a diverse group of professionals from a wide range of specialties that can naturally work collaboratively on exit planning, succession planning, value growth, transaction or any engagement from both sides of the equation. The chapter meets regularly to network, reconnect, grow knowledge, and sharpen their skills with a common goal: Change the outcome for transitioning business owners. Make plans to join us for future events and connect with the local leadership by visiting www.EPILosAngeles.org.

About the Presenters

Jonathan J. Wernick

JD Partner, Weinstock Manion

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Jim Felton

Managing Partner, Greenberg & Bass

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Continuing Education

This meeting qualifies for the following continuing education credits:

One (1) CPE hour


NOTE: Proper documentation must be collected and submitted to qualify for continuing education. For questions regarding awarded continuing education credits, please contact Josh Koza at JKoza@Exit-Planning-Institute.org.