Subchapter V of the Bankruptcy Code: Its Impact on Trade Creditors
- Wed, December 7, 2022, 03:00 - 04:00
- Online, internet
Cost: Members: $95
Registration Includes: One telephone and web connection at one physical location
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 LLPJason 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.
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