Once a chapter 11 case begins the debtor enters into a strange new world. Strategic decisions need to be made without delay. Restrictions on the debtor’s ability to use its cash, maintain utility service and close its pre-bankruptcy bank accounts demand an immediate response. The solution? First day motions to be filed with the bankruptcy petition.

In this video Maryland Bankruptcy Lawyer Ron Drescher discusses the hows and whys of filing these critical immediate motions with the Bankruptcy Court.