Typical Uses
- Paying legal fees and costs for avoidance actions and claims including breach of fiduciary duties, insurance coverage, turnover and tax recoveries, recoupment and setoff issues, equitable subordination and contested matters (i.e., 9019, plan/sale process)
- Covering estate or trust expenses including expert and other litigation expenses with contingency counsel, pre-litigation and pre-confirmation investigations and general administrative costs and expenses
- Debtor in possession and exit financing
- Paying for costly pre-litigation or pre-confirmation claims analyses
- Providing a liquidity event that allows an estate or trust to bring new claims, pay other expenses or make distributions to creditors
- Monetizing judgments, de-risking and funding appeals