Best Practices: Liquidation Strategies for Telecom/IT Companies & the Benefits of Asset Recovery over Auction
by Jeffrey A. Jones and Jason P. Jellie, Apto Solutions Inc., Atlanta
Faced with liquidation, what is the most effective strategy for selling the assets of a technology-intensive company? The goal is clear: Recover the maximum dollar value for the assets in the shortest time. Before making a final decision, consider the following proven benefits of engaging an asset recovery specialist over conducting an auction….
The Next Wave of Telecommunication Bankruptcies: VOIP Providers
by Evan D. Smiley; Weiland, Golden, Smiley, Wang Ekvall & Strok LLP; Costa Mesa, Calif.
Small-to-medium-sized providers of voice services utilizing the Internet Protocol (“VOIP”) appear to be at risk of becoming the next wave of bankruptcy filings in the telecommunications industry. The telecommunications industry drastically changed when Congress passed the Telecommunications Act of 1996. This legislation resulted in the creation of competitive local exchange carriers (“CLEC”). Over time, the CLECs painfully learned that customer demand could not keep up with the enormous infrastructure cost while competing with the baby bells for local service.
The Technology & Telecommunication Cases Committee Is Looking for Volunteers!
We need volunteers for the following:
- Volunteers to write articles for upcoming quarterly e-newsletters,
- Volunteer(s) to serve as the moderator(s) for the committee’s listserv and
- Volunteers to help write the committee’s Bankruptcy/Intellectual Property Manual.
These are great ways to get involved with the committee and ABI. Your help would be greatly appreciated. If interested, please email Joel Levitin or William Snyder, the committee co-chairs.