Celesq® Programs

Responsibilities. And Liabilities When a Company is in Distress. And, How to Prepare for a Meeting with Your Lender

Program Number
Program Date
CLE Credits

When a company is doing well, creditors are happy and may not scrutinize common practices of management or of the board. But, when a company is in distress, you can expect a call from your lender requesting a meeting. And, if the company may be unable to pay creditors in full, creditors may conduct a forensic examination and pursue alternative sources of recovery- such as officers and directors. 

  1. When does incorporation not prevent personal liability for a company’s debts?
  2. How should the board of directors operate when a company is in distress so as to avoid personal liability?
  3. How should a company prepare for negotiations with its lenders when it needs relief under loan documents?

This program will examine best practices for management and the board to facilitate a successful financial restructuring and to avoid personal liability.

Available in States

  • California
  • Colorado
  • Georgia
  • New Jersey
  • New York
  • Texas Self Study

Program Categories

  • Banking & Finance Law
  • Bankruptcy Law & Creditor Rights
  • Business Law
  • Business Organizations & Contracts
  • Federal Courts
  • Financial Regulatory
  • Financial Services


  • Areas of Professional Practice : 1 Credit