Small Business Bankruptcy: Subchapter V of Chapter 11
The new Subchapter V of Chapter 11 poses unique challenges. Get expert coaching as 14 experienced Michigan bankruptcy judges, trustees, and lawyers take you through actual cases.
These are tough times for small businesses. Bankruptcy might be the best option. The new Subchapter V of Chapter 11 makes small business bankruptcy reorganization more streamlined and accessible—but also poses unique challenges. No matter your experience level with bankruptcies, our online training is the most convenient way to get up to speed so you can help clients during this difficult and fast-moving time.
Follow 14 experienced Michigan bankruptcy judges, trustees, and lawyers as they take you through actual cases. Hear strategies from lawyers representing both debtors and creditors. See the entire process firsthand, from prefiling considerations to implementing the reorganization plan.
Identify your client’s goals. Gather information on business operations and consider alternatives.
Evaluate a Small Business Debtor’s Options
Ensure the petition and schedules are correct and complete. Negotiate with creditors and outline the plan.
File the Petition and Schedules
Litigate First-Day Motions
Navigate the Case
Work with financial experts and the trustee. File the plan within 90 days of the petition date.
Develop, Negotiate, and File the Reorganization Plan
Litigate and Implement the Reorganization Plan
is a nationally known authority on bankruptcy law and serves as a Subchapter V case trustee. He explains the importance of the model reorganization plan from the trustee’s point of view.
is a shareholder in his firm and a frequent lecturer on bankruptcy law. He guides you through drafting the petition and initial schedules and offers insight into navigating the case.
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