Monday
Aug 10
2020

Bankruptcy’s New Subchapter V: The Small Business Reorganization Act

Registration Options & Pricing

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Recorded Webinar Includes

  • Recording of the Live Webinar
  • Can be viewed anytime 24/7, beginning 2 business days after the webinar
  • Handout and Take-Away Toolkit
  • Available on Desktop, Mobile & Tablet
  • Free Digital Download, yours to keep
  • Share link with anyone at your credit union
  • Presenter’s contact info for follow-up
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9:00 am – 10:30 am HST
12:00 pm – 1:30 pm PT
1:00 pm – 2:30 pm MT
2:00 pm – 3:30 pm CT
3:00 pm – 4:30 pm ET

The new Subchapter V bankruptcy alters creditors’ rights. For example, only the debtor can file a reorganization plan. And debtors are allowed to “cram down” a non-consensual reorganization plan. Learn more about this fast-track, debtor-friendly bankruptcy option known as the Small Business Reorganization Act (SBRA).

AFTER THIS WEBINAR YOU’LL BE ABLE TO:

  • Distinguish between a regular Chapter 11 bankruptcy and a SBRA bankruptcy filing under Subchapter V of Chapter 11
  • Identify your institution’s rights under the SBRA
  • Understand the terms of the debtor’s reorganization plan
  • Determine the appropriate steps to take under the reorganization plan
  • Challenge the debtor’s “cram down” based on the collateral valuation and financial projections

WEBINAR DETAILS

Bankruptcy filings are on the rise, and many business borrowers are opting to file under the SBRA which became effective in February 2020. The CARES Act expanded the SBRA’s coverage to small business borrowers with debts of less than $7,500,000. The SBRA is a new fast-track, debtor-friendly bankruptcy option that alters creditors’ rights in Chapter 11 bankruptcy cases.

The SBRA is faster because debtors are not required to file the detailed statement required in regular Chapter 11 cases. In addition, the SBRA reorganization plan must be filed within 90 days of the bankruptcy filing while a regular Chapter 11 plan can take a year or more. However, the most notable debtor-friendly characteristic is that the SBRA allows a debtor to “cram down” a non-consensual reorganization plan. Under the SBRA, only the debtor can file a reorganization plan, and the court can confirm a debtor’s plan without the support of any class of claims as long as the plan is deemed to be fair and equitable. This webinar will explain what your institution needs to know about SBRA Chapter 11 bankruptcy cases and how to handle them.

Attendance certificate provided to self-report CE credits.

WHO SHOULD ATTEND?

This timely session will benefit loan officers, loan operations personnel, credit administration staff, collectors, attorneys, managers, and others involved in the bankruptcy process.

TAKE-AWAY TOOLKIT

  • Employee training log
  • Interactive quiz

DON'T MISS THESE RELATED WEBINARS!

"Collections & Right of Set Off in Commercial Lending"
Tuesday, August 18, 2020

"Consumer Bankruptcy: Compliance, Cramdowns & More"
Thursday, April 30, 2020
Available Now

 

NOTE:  All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your financial institution is prohibited. Print materials may be copied for eligible participants only.

MEET THE PRESENTERS

Spencer Fane LLP

 

Spencer Fane LLP

 

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