Cristina Lipan Featured in Finance Feeds Global Brokerage Chapter 11 Bankruptcy Q&A
Partner Cristina M. Lipan was featured in a FinanceFeeds.com article offering insight into the looming Global Brokerage Inc. chapter 11 bankruptcy. Ms. Lipan leads the firm’s business bankruptcy practice with significant experience representing both secured and unsecured creditors. Shipkevich PLLC has established itself as a trusted firm in the Foreign Exchange and Capital Markets industry and has closely monitored the Global Brokerage case.
Global Brokerage Inc (NASDAQ:GLBR) made headlines last month when it commenced a restructuring plan with an ad hoc group of note holders under the chapter 11 bankruptcy code. They have yet to file their prepackaged chapter 11 bankruptcy with the courts, leading to a lot of questions from the FX community.
Cristina Lipan offered insight in a Q&A article with Finance Feeds which has been reporting on the Global Brokerage since their announcement to file bankruptcy. The goal of Global Brokerage is to extend the maturity on its current debt obligations which required extensive negotiations with its note holders. Their prepackaged plan and disclosure statement are subject to court approval after filing the bankruptcy case.
Ms. Lipan has represented both secured and unsecured creditors in commercial bankruptcy and reorganization cases. She answered questions regarding the status of the prepackaged chapter 11 case and what it means for Noteholders, common stock holders and other creditors. Having experience with complex business bankruptcy cases in a variety of industries, Ms. Lipan’s analysis of this pending chapter 11 filing provided clarity for the creditors.
Global Brokerage has been de-listed from NASDAQ and plans to de-register its common stock from the Securities Exchange Commission, to reduce annual expenses. Shipkevich PLLC will continue to monitor this case and intends to publish a more detailed analysis once the bankruptcy case is filed, which will be available here.
To read the Finance Feeds article on the pending Global Brokerage bankruptcy case, please click here.