A corporate workout is any arrangement involving a voluntary restructuring of a debtor-creditor relationship for the purpose of avoiding foreclosure or bankruptcy. The authors discuss certain provisions of Florida's General Corporation Act, Banking Act and securities laws, together with pertinent federal securities laws, to illustrate methods for creating such arrangements. In addition, potential hazards are discussed, with the authors providing useful suggestions for planning and litigation purposes.
Bowman Brown, Brian Nordwall, and Michael L. Ashner,
Corporate, Securities and Banking Law Aspects of Workouts,
32 U. Miami L. Rev.
Available at: http://repository.law.miami.edu/umlr/vol32/iss4/8