Subchapter V Bankruptcies and Impacts on Trade Creditors (1 hr CLE credit)
NEW Special Event with Tucker Ellis and NCS Credit!
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 come at a cost to trade creditors. While Subchapter V makes it easier for small business debtors, it also impacts the rights that creditors have versus a traditional Chapter 11. Our presenters will explain and analyze various aspects of the new Subchapter V, including:
- Eligibility requirements for a debtor to qualify for Subchapter V versus a traditional Chapter 11
- Differences from a traditional 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?
- Why this matters to you – the impact of Subchapter V on trade creditors
- How has Subchapter V worked out so far
CLE accredited webinar – 1.0 credit hour
Join special guest speakers from Tucker Ellis: