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Subchapter V 101: A Complete Guide to Small Business Reorganizations in Chapter 11 (On-Demand)

General Credits:
Original Date Of Course:

$179.00

Course Description

The Small Business Reorganization Act of 2019 (SBRA) introduced Subchapter V to Chapter 11 for eligible small business and individual debtors. The SBRA was intended to address the challenges faced by many small businesses capable of reorganizing but unable to afford the traditional Chapter 11 process. As demonstrated over the past several years, Subchapter V can offer a faster, more efficient, and cost-effective path for eligible debtors, if those debtors are able to take advantage of the many tools offered by Subchapter V. In this webinar, the panelists will discuss the history of Subchapter V, its purpose, the key distinctions from a traditional Chapter 11 case, eligibility to be a Subchapter V debtor, plan confirmation requirements, the role of the Subchapter V trustee, and significant case law developments. The discussion will cover perspectives from both debtors and creditors, examining how Subchapter V has functioned (and could function better), whether it has met its goals, and what practitioners should know when involved in a Subchapter V case.

Syllabus

  1. Key changes between Subchapter V and Chapter 11
  2. Who is eligible for Subchapter V
  3. General duties and powers of the Subchapter V debtor
  4. Understanding the role of the Subchapter V trustee
  5. Special plan confirmation rules in Subchapter V
  6. Other Subchapter V provisions

Credit Details

Course Type

Course Instructor

Adam R. Prescott, Esq., Kellie W. Fisher, Esq.
Original Date Of Course

General Credits

1.5
Adam R. Prescott, Esq.
Adam R. Prescott, Esq.
Adam R. Prescott, Esq. is a shareholder at Bernstein, Shur, Sawyer & Nelson, PA in Portland, Maine, where he represents businesses and individuals in bankruptcy and complex restructuring matters, with particular expertise in chapter 11 cases across multiple jurisdictions and industries. He holds a law degree from William & Mary School of Law, where he graduated summa cum laude in 2012, and previously worked as a senior associate at WilmerHale and as a law clerk for the Hon. Rudolph Contreras of the U.S. District Court for the District of Columbia.
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Kellie W. Fisher, Esq.
Kellie W. Fisher, Esq.
Kellie W. Fisher, Esq. is a shareholder at Drummond Woodsum in Portland, Maine, where she practices bankruptcy, commercial litigation, and transactions involving distressed companies, representing financial institutions, creditors, lenders, debtors, and trustees. She brings substantial bankruptcy and litigation experience across New England and the country, advising clients on DIP lending, plan negotiation, section 363 sales, adversary proceedings, foreclosures, and commercial litigation, and previously practiced as a restructuring attorney at an international law firm in Boston.
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