Photo of Timothy Byrd

Timothy Byrd

Subscribe to Timothy Byrd's Posts

Timothy Byrd advises lenders and banks involved in business bankruptcy, complex consumer cases, and workouts throughout the country. When the need for litigation arises, he also represents clients in banking, business, and complex commercial disputes from pre-litigation through appeals. Tim is also one of the nation's thought leaders on bankruptcy protections and bankruptcy alternatives available to cannabis businesses, as well as recourse available to cannabis industry lenders, creditors, and financiers.

Follow:Read more about Timothy ByrdTimothy's Linkedin Profile

This is the third installment in our three-part series: “Exploring Issues in Cannabis and Bankruptcy.” In this final episode, we’ll explore what the two recent decisions in Blumsack and Hacienda mean for creditors in the cannabis industry and also what rights are available to lenders and marijuana financiers in the bankruptcy context.
Continue Reading Podcast: Cannabis and Bankruptcy, Ep. 3: Considerations for Lenders

This is the second installment in a three-part series exploring issues in cannabis and bankruptcy. In this episode, we’ll dive into bankruptcy protections available to businesses, including a case in which the Bankruptcy Court rejected a categorical prohibition for all debtors with any connection to marijuana.
Continue Reading Podcast: Cannabis and Bankruptcy, Ep. 2: Considerations for Businesses

The trend to legalize the medical and recreational use of marijuana continues to blaze through the states, but federal law — and bankruptcy courts by extension — have not yet followed suit.[1]

Bankruptcy courts have historically prevented cannabis — and even cannabis-ancillary companies — from filing for protection under the…

Continue Reading Pot Cos. Can Rely On State Law For Bankruptcy Safeguards

As the trend to legalize the medical and recreational use of marijuana continues to blaze through the states, federal law, and bankruptcy courts by extension, have not yet followed suit. Bankruptcy courts have historically prevented cannabis – and even cannabis-ancillary companies – from filing for protection under the U.S. Bankruptcy Code because marijuana remains illegal under the CSA at the federal level.
Continue Reading Cannabis Companies Lacking Bankruptcy Protections Can Explore State Options

Featured Podcast Episode

Cannabis and Bankruptcy, Ep. 3: Considerations for Lenders

Starting a cannabis business is often discussed, but maintaining a business, particularly during a downturn in the industry, is a completely different ballgame. Pockets of the cannabis industry are experiencing financial distress, and this is generating fear and concern for marijuana licensees as well as their financiers and creditors.

In the third installment in our three-part series: “Exploring Issues in Cannabis and Bankruptcy,” we explore what the two recent decisions in Blumsack and Hacienda mean for creditors in the cannabis industry and also what rights are available to lenders and marijuana financiers in the bankruptcy context.