Product Description

COVID-19 has resulted in the worst business contraction in years, and the shuttering of large portions of the economy. Small businesses are struggling under severe operating restrictions imposed as a result of the pandemic, and are in need of financial restructuring more than ever. Newly enacted Subchapter V, as enhanced by the CARES Act, is the relief valve that provides a quick and affordable pathway to recovery. Individuals who guaranteed the debts of their small business or posted their property as collateral for business loans may additionally qualify to file under Subchapter V.

This new program provides you with the tools you need to adapt your practice for the coming wave of small business 11's. Hear an expert faculty guide you through the new provisions of Subchapter V, bankruptcy forms, and the most recent case law as you learn how to successfully take a case from initial client interview to plan confirmation.

Agenda & Materials

• 2:05 - 2:30 pm

  Initial Considerations

  on demand video Add to Cart

  1. Is bankruptcy the best alternative
  2. Who is the client and how to avoid conflicts in the small business setting
  3. Subchapter V eligibility
  4. Benefits and burdens of Subchapter V

  Taruna Garg, Esq., Murtha Cullina LLP , Stamford
  David Koha, Esq., Casner & Edwards LLP , Boston
  
• 2:30 - 2:55 pm

  First Meeting with the Debtor

  on demand video Add to Cart

  1. Information Checklist/Questions to Ask
  2. Assemble the Team
  3. Exit Strategy/ Plan Outline

  David Koha, Esq., Casner & Edwards LLP , Boston
  
• 2:55 - 3:20 pm

  The Role of the Financial Professional

  on demand video Add to Cart

  1. Financial statements and reports upon filing and pre-confirmation
  2. Projections for confirmation

  Matthew R. Flynn, Verdolino & Lowey, PC , Foxborough
  
• 3:20 - 3:45 pm

  First Day Filings

  on demand video Add to Cart

  1. Financial Disclosures unique to Subchapter V
  2. Authority to Continue Operating: Cash Collateral Usage, Paying employees, critical vendors, taxes, and insurance, utilities

  Taruna Garg, Esq., Murtha Cullina LLP , Stamford
  David Koha, Esq., Casner & Edwards LLP , Boston
  
• 3:45 - 4:10 pm

  Subchapter V Timeline and the Role of the Subchapter V Trustee and UST

  on demand video Add to Cart

  1. Conferences
  2. Reporting
  3. Role of UST
  4. How Trustee is paid

  Kara S. Rescia, Esq., Rescia Law, PC , Enfield
  Lisa Tingue, Esq., Office of the US Trustee , Worcester
  
• 4:10 - 4:35 pm

  Plan Confirmation and Consummation

  on demand video Add to Cart

  1. Consensual v. non-consensual plans
  2. Solicitation and voting
  3. Cram down scenarios
  4. Mortgage modification
  5. Plan distributions and payments, and the continuing role of the Subchapter V Trustee

  Taruna Garg, Esq., Murtha Cullina LLP , Stamford
  David Koha, Esq., Casner & Edwards LLP , Boston
  Kara S. Rescia, Esq., Rescia Law, PC , Enfield
  
• 4:35 - 4:45

  Subchapter V Amendments

  on demand video Add to Cart

  1. CARES Act
  2. Appropriations Act of 2021

  David A. Mawhinney, Esq., Standing Chapter 13 Trustee (Central & Western Divisions) , Worcester
  
• 4:45 - 5:00 pm

  "Ask the Experts" Q&A Session

  on demand video Add to Cart

  Panel
  

Please Note

MCLE webcasts are delivered completely online, underscoring their convenience and appeal. There are no published print materials. All written materials are available electronically only. They are posted 24 hours prior to the program and can be accessed, downloaded, or printed from your computer.

Cochairs

Faculty