Subchapter V of the Bankruptcy Code: Its Impact on Trade Creditors

General Information

Cost: Members: $95
Non-members: $195

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Registration Includes: One telephone and web connection at one physical location

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Time

US: 12:00 pm PT // 3:00 pm ET
*Please remember the time zone differences if you are not on the East Coast.*

 

About the Webinar

New Subchapter V was added to the Bankruptcy Code in 2020 to create a more efficient and economical process for small business debtors to reorganize. But the benefits to a Subchapter V debtor comes at a cost to trade creditors. It impacts the rights that creditors have when compared with a traditional Chapter 11. In this session, our presenter will explain and analyze various aspects of the new Subchapter V, including:

• Eligibility requirements for a debtor to qualify for Subchapter V compared with a traditional Chapter 11.
• Why it matters to you—the extensive impact of Subchapter V on trade creditors.
• How Subchapter V has worked so far.

By the end of this webinar, you will be able to answer the following questions about Subchapter V:

• What are the differences from a Chapter 11?
• What happens to creditors’ committees?
• Who can propose a plan?
• What type of plan can be proposed?
• Can the debtor’s principals retain their equity without putting in new money and without paying creditors in full? 

 

About the Speaker

Jason Torf, Esq., Tucker Ellis LLP

Jason M. Torf is a bankruptcy and creditors’ rights partner at Tucker Ellis LLP. Jason regularly represents clients in helping them solve their problems with troubled customers, both in bankruptcy proceedings and otherwise. Jason is a frequent speaker at NACM and other credit groups to help credit professionals understand practical steps their companies can utilize to minimize risk and maximize their recovery when dealing with a financially troubled customer.