Watch the webinar by Financial Poise
Adams and Reese Commercial and Bankruptcy Litigator Tim Anzenberger was a panelist for a Financial Poise webinar on “The Nuts and Bolts of a Lift Stay Motion.” The webinar was part of FP’s “The Nuts & Bolts of Chapter 11” series.
Financial Poise provides legal and business educational resources to attorneys, accountants, business owners, C-Suite executives, and investors.
Anzenberger was joined by moderator Maria Carr, of McDonald Hopkins LLC; and by fellow panelists Matt Christensen, of Johnson May, and Ryan Hardy, of Levenfeld Pearlstein.
The webinar discusses the scope of the automatic stay and the procedure and grounds for seeking relief. Most U.S. businesses have a line of credit or term loan with a bank or other lender that is secured by a lien on substantially all of the assets of that business. One of the strongest tools in a secured lender’s toolbox is the ability to ask the bankruptcy court to lift or modify the automatic stay to allow the secured lender to get to its collateral. The debtor will often oppose the lender’s request. This is just one of many aspects of litigation surrounding the automatic stay.
The Bankruptcy Code provides for specific circumstances under which relief from the stay is permitted, and litigation over whether the requisite conditions exist is common.
At Adams and Reese, Anzenberger is a Partner in the law firm’s Jackson office. Through his litigation and commercial restructuring/bankruptcy practice, Anzenberger pursues the interests of financial institutions and other creditors in bankruptcy cases and litigates on their behalf in state and federal courts. He is also an experienced appellate litigator in financial-services cases, handling all stages of an appeal – from post-trial motions through oral argument.
Anzenberger serves on the American Bankruptcy Institute Board of Directors. He writes for the ABI Journal and its committee newsletters. He currently serves as Co-Chair of the ABI’s Business Reorganization Committee and sits on the Advisory Board for the ABI Southeast Bankruptcy Workshop. In 2022, he was selected for the ABI’s “40 Under 40.”