Presented by the Commercial Law & Bankruptcy Section
The Small Business Reorganization Act of 2019 (the “SBRA”, which created a new Subchapter V in Chapter 11 of the Bankruptcy Code) was enacted to provide small business debtors with a more streamlined path for restructuring their debts. As of February 19, 2020, certain small business debtors were able to elect to proceed under Subchapter V. Now, with bankruptcies (including small business bankruptcies) poised to explode in the near future, and with a year’s worth of Subchapter V cases in the rearview mirror, it’s an ideal time for practitioners to learn, or refresh their knowledge of, the bankruptcy options available for distressed small businesses and familiarize themselves with the past year’s Subchapter V case law developments.
This panel presentation will discuss bankruptcy options and the reasons why a small business debtor might choose to elect or not to elect to proceed under subchapter V. The panel will also review the most important provisions and benefits of the SBRA, the role of the appointed Subchapter V Trustee, the timing requirements under the SBRA, and court decisions applying and interpreting the SBRA. Finally, the panel will discuss the Small Business Reorganization Task Force Final Report issued in December of 2020 by the Bankruptcy Court for the Central District of California.
Originally Recorded 3/4/21
Hon. Maureen A. Tighe, Chief Judge, U.S. Bankruptcy Court, Central District
Everett L. Green, Office of the United States Trustee
Caroline Djang, Subchapter V Trustee, Best Best & Krieger LLP
Gregory K. Jones, Subchapter V Trustee, Stradling Yocca Carlson & Rauth
1 Hour of General CLE Credit.
This On Demand Program is a streaming video presentation. Upon Purchase, you will receive a confirmation email with a link to access the program and download the program materials PDF file. Once you have completed the program a certificate will be generated and emailed to you within 1-2 business days.
Search terms: test, MCLE, Streaming, Audio, Lawyer, box
Product Code: 030421CLBOD