Bankruptcy
Whether you are filing for bankruptcy, seeking investors for a restructuring under chapter 11 or equivalent, or conducting a section 363 sale, you will need to distribute, manage and track sensitive documents.
As evidenced by the recent article in Financier International, "Using VDRs To Manage Bankruptcy Scenarios", the use of virtual datarooms during each stage of insolvency is on the rise.
The security exposure and lack of traceability associated with attaching sensitive documents to emails, printing out and distributing paper or disseminating information on CDs is time consuming and simply doesn't provide the accesibility, security and traceability needed. The market-leading virtual data rooms are clunky and cumbersome, based on dated internet technology.
ShareVault provides an organized and integrated web-based platform providing a modern easy-to-use and secure solution for your investors and advisors to review documents. Each phase of the bankruptcy process will benefit from ShareVault's unique blend of critical capabilities:
- Drag-and-drop document uploader based on a fast and secure proprietary data transfer technology - so you can populate your ShareVault fast,
- Entirely web-based application does not require installation of any proprietary document viewing software,
- Participants view documents in native Adobe Acrobat, locked-down with special security protocol that allows tracking of documents even after they have been downloaded, without any special document viewing software,
- Per-user and per-document access control settings so you can control who can see what information and when,
- Policy-based rights management so you can specify who has the right to view, print or save each document. Apply watermarks, block screen shots, prevent copy/paste, and in the event that a deal goes sour, you can even retroactively revoke the rights to open PDFs that have already been downloaded,
- Instant full-text search, so that participants can quickly find the information they need, greatly compressing the due diligence time line,
- Fast, easy-to-use tools to setup and modify the structure of the data room so your deal can proceed quickly,
- Conversion to secure PDF format happens automatically with support for over 300 file types,
- Comprehensive reporting tools provide the intelligence you need to determine who has spent time reviewing the critical documents for your deal,
- 24/7/365 support hot line, with access to ShareVault experts including a remote screen-sharing capability so our techs can see the issue right on your screen,
- Bank grade solid security and reliability, with a SAS-70 type 2 certified data center, dual redundant servers, data encryption and comprehensive security protocol.
To learn more about how ShareVault can provide the ideal virtual data room solution for bankruptcy scenarios, sign-up for a free demonstration.
Latest Bankruptcy News
- Dillard's asks court to dismiss Highland Mall bankruptcy case
July 30th, 2010, 03:17 PM (PDT)
Dillard’s has filed a motion seeking to have the Highland Mall owner’s bankruptcy case dismissed or converted from a Chapter 11 reorganization to a Chapter 7 liquidation.
- Three bidders to contest Amelia Plantation auction
July 30th, 2010, 03:17 PM (PDT)
The new owner of the Amelia Island Plantation may be decided among three bidders during an auction scheduled for August.
- Attorney General approves Sumner Regional Health Systems' sale to LifePoint
July 30th, 2010, 03:17 PM (PDT)
Tennessee Attorney General Robert Cooper today gave his office’s blessing for Sumner Regional Health Systems’ proposed sale to Brentwood-based LifePoint Hospitals Inc. for $145 million, plus $9 million in working capital.
- U.S. Concrete gets green light for reorganization
July 30th, 2010, 03:17 PM (PDT)
U.S. Concrete Inc. has received approval for its Chapter 11 reorganization plan from the U.S. Bankruptcy Court.
- Struggling firm owes TD Bank $2M-plus
July 30th, 2010, 03:17 PM (PDT)
Boston CEI LLC, a Norfolk construction firm that filed for bankruptcy protection last month, recently listed TD Bank as one of its largest creditors, holding about $2.2 million in claims.
- Hendersonville dentist files Ch. 11
July 29th, 2010, 03:17 PM (PDT)
Hendersonville-based Dental Plus LLC, which does business as Distinctive Dentistry, filed for Chapter 11 bankruptcy protection on Wednesday.
- SEC settles with Clearwater investment advisor Scott Spencer
July 29th, 2010, 03:17 PM (PDT)
The U.S. Securities and Exchange Commission has agreed to a settlement with Spencer International Advisors Inc. of Clearwater and its president, Scott Spencer.
- Valuation Research doubted in Tribune case
July 29th, 2010, 03:17 PM (PDT)
Valuation Research Corp., which is based in Milwaukee, has been criticized by a bankruptcy court examiner in the Tribune Co.’s Chapter 11 case, according to a report Wednesday in The Wall Street Journal.
- Insiders seek to buy assets of parent of Boulder, Fort Collins business newspapers
July 28th, 2010, 03:17 PM (PDT)
A company formed by three executives of Brown Publishing Co. — parent of business newspapers in Boulder and Fort Collins — has tentative approval to buy the assets of the Cincinnati-based publishing firm out of bankruptcy.
- Amelia Plantation reorganization finalized
July 28th, 2010, 03:17 PM (PDT)
Parties involved with the Amelia Island Plantation bankruptcy proceedings are compromising on aspects of the resort’s reorganization plan in order to avoid its closure.
- Best Cleaners bids $353K for Greener Cleaners
July 28th, 2010, 03:17 PM (PDT)
A bankrupt Capital Region dry cleaning chain is about to be acquired by another local chain.
- Daisy Baker’s Troy building for sale: $2.25M
July 28th, 2010, 03:17 PM (PDT)
Real estate developer Sandy Horowitz is trying to sell another building in downtown Troy, N.Y.— this one leased to Daisy Baker’s restaurant, a business that filed for bankruptcy protection last week.
- Bankruptcy judge approves auction for Medical Staffing Network
July 28th, 2010, 03:17 PM (PDT)
U.S. Bankruptcy Judge Erik Kimball approved an auction to determine who will take control of Medical Staffing Network Holdings.
- Stanford: Securities class actions continue to decrease
July 28th, 2010, 03:17 PM (PDT)
Federal securities class action activity continued to decrease in the first six months of 2010 to the lowest semiannual level since the first half of 2007, according to a report Wednesday by the Stanford Law School Securities Class Action Clearinghouse and Cornerstone Research.
- Epiq Systems profits rise on electronic legal discovery work
July 27th, 2010, 03:17 PM (PDT)
Epiq Systems Inc. said second-quarter profits rose 35 percent on strong results from its electronic legal discovery business, as well as continued increases in bankruptcy filings.
- Creditors seek Sommet Group bankruptcy
July 27th, 2010, 03:17 PM (PDT)
A group of creditors is seeking to push Sommet Group — the former Nashville Predators sponsor under investigation by federal officials — into bankruptcy liquidation.
- Northern California auction gets average of $94,000 per foreclosed home
July 27th, 2010, 03:17 PM (PDT)
A national company has auctioned 250 homes on Sunday and Monday at the Sacramento and Santa Clara convention centers, generating about $23.5 million.
- Sumner Co., LifePoint nearing hospital sale agreement
July 27th, 2010, 03:17 PM (PDT)
Sumner County commissioners are expected to vote tonight on an agreement that will clear the way for LifePoint Hospitals Inc. to purchase Sumner Regional Health Systems and its flagship hospital in Gallatin.
- Artecity project seeks bankruptcy protection
July 27th, 2010, 03:17 PM (PDT)
Faced with the loss of its South Beach project to a foreclosure lawsuit, the developers of Artecity filed for Chapter 11 reorganization.
- Kaufman Rossin settles Petters lawsuit
July 26th, 2010, 03:17 PM (PDT)
Miami-based accounting firm Kaufman Rossin & Co. has reached a settlement in a malpractice lawsuit that claimed it failed to detect fraud connected to the $3.65 billion Minneapolis-based Ponzi scheme of Tom Petters.