Thank you for the content you have provided! After, the company I am employed by was bought by a P.E firm and filed for bankruptcy protection chapter 11, I was frantic to learn what "corporate restructuring" entailed. Ofcourse management "hoorayed" for the changes to come. I was skeptical as to who these changes would benefit. With your help, I was able to build a basic understanding of corporate bankruptcy and apply it to my current situation. Naively, i hoped to find confirming evidence that supported my managements enthusiasm. However, I came to find the exact opposite, the company was bleeding. I grateful for have coming across your page. For without your videos, I would have never of thought to pursue economics. Thank you for the self discovery you fostered
I am sorry to hear about your circumstances but I am happy the video helped you make sense of the situation. Its tough and most companies see a lot of organizational change during the bankruptcy process which can worry employees. A lot of retail companies are going through this now and the best thing you can do is be prepared and understand your options. If the company emerges from chapter 11, management will be more agressive and have tight performance targets. That means more work but you still keep your job. Conversely, if things worsen, talking to HR about placement services is very important to understand what resources are provided to help you find a new and hopefully more stable job. Good luck!
FinanceKid . Looking at the court docket, the debtors have filed a motion to approve the sale of all assets. I am interpreting this as 'gaining approval to liquidate'. Has this been converted to a chapter 7? Thank you for the suggestions, i will pass on to fellow co workers.
If you had a HELOC worth 160k and HARP refried you no money out, just reduced interest rate taking a couple years off your mortgage and you paid a mortgage down from a 20 year to a 10 year. How can you reduce your interest rate any further and how can you borrow the interest rate and the arms given are identical to the same terms...money cannot be saved nor given, these mortgages are paid off! The initial down payment made from the purchase is never reported...so if you purchase a home with 45% down , even 50% down your home equity line of credit is higher than the 80% loan to value. It's the total of the 45% percent down plus the loan to value ratio. Your equity is never touched. Why would you borrow your own money right. So your first home loan carries it's own equity, when a company goes bankrupt it breaches this loan to value ratio. So when you lay down a mortgage from 20 year to a 10 year you have fulfilled the first mortgage payment..and would have 5% debt left. When you realize they don't carry equity over because they reorganized and restructured business and their settlements are essentially paid. The people they sold the mortgage holding to don't know these debts are paid and are releasable. Instead to keep the loan bifurcations running they keep you paying on a new amortization schedule thinking they have the right to force you to pay twice the amortization costs of restructuring the loans. One from the true origionations and the other from bankruptcy origins which are twice restructured even 3 to 4 times each time compounding the amortized costs. Let's take the rate 4.875% for 20 years and put 45% down on a purchase and then take a loan the new loan is not a loan restriction of money you already paid down on the original note. That is the banks restructuring. Once the first not is paid off they need to release the note but what happens is when these companies go to bankruptcy they are keeping the note alive when the first note is paid, they don't see the initial deposit in on the homebuyers first loan which is the first origionations and the only original document of the truth in lending disclosure so their accountants create a system of fraud actually restructuring these businesses. Passing the buck and making people think they still have a mortgage on their loan when they do not. In fact they own their home and title or release is not accomplished, the new LLC only has a debt with no origionations or truth in lending statements agreeing to the restructuring of the loans because the initial party is bankrupt. And the new LLCs are not assets holders of your property for a debt, they are different documents of legal obligations. So these advanced collections people have nothing in their LLCs but bad debts and no legal way to enforce what they just acquired which was actually very dumb on their part to assume anyway. Getting documents lost in translation with accountants is one thing, hosing people over because they think they can manage mortgage companies is another. REIT mortgages.
Thank you for the content you have provided! After, the company I am employed by was bought by a P.E firm and filed for bankruptcy protection chapter 11, I was frantic to learn what "corporate restructuring" entailed. Ofcourse management "hoorayed" for the changes to come. I was skeptical as to who these changes would benefit. With your help, I was able to build a basic understanding of corporate bankruptcy and apply it to my current situation.
Naively, i hoped to find confirming evidence that supported my managements enthusiasm. However, I came to find the exact opposite, the company was bleeding.
I grateful for have coming across your page. For without your videos, I would have never of thought to pursue economics.
Thank you for the self discovery you fostered
I am sorry to hear about your circumstances but I am happy the video helped you make sense of the situation. Its tough and most companies see a lot of organizational change during the bankruptcy process which can worry employees. A lot of retail companies are going through this now and the best thing you can do is be prepared and understand your options. If the company emerges from chapter 11, management will be more agressive and have tight performance targets. That means more work but you still keep your job. Conversely, if things worsen, talking to HR about placement services is very important to understand what resources are provided to help you find a new and hopefully more stable job. Good luck!
FinanceKid . Looking at the court docket, the debtors have filed a motion to approve the sale of all assets. I am interpreting this as 'gaining approval to liquidate'. Has this been converted to a chapter 7?
Thank you for the suggestions, i will pass on to fellow co workers.
Awesome videos! Not only this one but also the entire channel. I have been looking for Restructuring for long. Keep it up!
This was a very lucid explanation of a complex process. Thank you very much!
Really clear explanation on Bankruptcy under US law. Thanks.
Love this guy's voice very interesting.
Thank Great Video Presentation
Can you provide a link to the two studies cited?
Great video!
cool!!! it makes sense
Hello Sir, may I have your email ?
Greetings from Beirut Lebanon
You can reach me at financeekid@gmail.com Thanks for watching!
If you had a HELOC worth 160k and HARP refried you no money out, just reduced interest rate taking a couple years off your mortgage and you paid a mortgage down from a 20 year to a 10 year. How can you reduce your interest rate any further and how can you borrow the interest rate and the arms given are identical to the same terms...money cannot be saved nor given, these mortgages are paid off! The initial down payment made from the purchase is never reported...so if you purchase a home with 45% down , even 50% down your home equity line of credit is higher than the 80% loan to value. It's the total of the 45% percent down plus the loan to value ratio. Your equity is never touched. Why would you borrow your own money right. So your first home loan carries it's own equity, when a company goes bankrupt it breaches this loan to value ratio. So when you lay down a mortgage from 20 year to a 10 year you have fulfilled the first mortgage payment..and would have 5% debt left. When you realize they don't carry equity over because they reorganized and restructured business and their settlements are essentially paid. The people they sold the mortgage holding to don't know these debts are paid and are releasable. Instead to keep the loan bifurcations running they keep you paying on a new amortization schedule thinking they have the right to force you to pay twice the amortization costs of restructuring the loans. One from the true origionations and the other from bankruptcy origins which are twice restructured even 3 to 4 times each time compounding the amortized costs. Let's take the rate 4.875% for 20 years and put 45% down on a purchase and then take a loan the new loan is not a loan restriction of money you already paid down on the original note. That is the banks restructuring. Once the first not is paid off they need to release the note but what happens is when these companies go to bankruptcy they are keeping the note alive when the first note is paid, they don't see the initial deposit in on the homebuyers first loan which is the first origionations and the only original document of the truth in lending disclosure so their accountants create a system of fraud actually restructuring these businesses. Passing the buck and making people think they still have a mortgage on their loan when they do not. In fact they own their home and title or release is not accomplished, the new LLC only has a debt with no origionations or truth in lending statements agreeing to the restructuring of the loans because the initial party is bankrupt. And the new LLCs are not assets holders of your property for a debt, they are different documents of legal obligations. So these advanced collections people have nothing in their LLCs but bad debts and no legal way to enforce what they just acquired which was actually very dumb on their part to assume anyway. Getting documents lost in translation with accountants is one thing, hosing people over because they think they can manage mortgage companies is another. REIT mortgages.