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Registration for this event is open from: | Jul 26, 2021 12:00 - Mar 22, 2022 12:00 | |
Where: | Live Webinar, On-Demand Webinar, Both, North Dakota (). | |
Date: | Sep 22, 2021 - Sep 22, 2021 | |
Time: | 02:00 - 03:30 | |
Event description: | ||
Bankruptcy for Lenders: Chapter 11 & Subchapter V, The Small Business Reorganization Act(90-minute webinar – available live or on-demand) Wednesday, September 22, 2021 12:00 PM Pacific 1:00 PM Mountain 2:00 PM Central 3:00 PM Eastern The pandemic changed everything – including Chapter 11 bankruptcies. The Small Business Reorganization Act became effective in 2020. Do you know the provisions of the Act or how to comply? What effect did the CARES Act have? What are the practical implications for your financial institution from this new, faster, debtor-friendly option? This timely webinar will cover it all! AFTER THIS WEBINAR YOU’LL BE ABLE TO:
WEBINAR DETAILS The full financial impact of the global pandemic and subsequent recovery is still unknown. Certain businesses will have no choice but to seek Chapter 11 bankruptcy protection. In 2020, the Small Business Reorganization Act (SBRA) became effective. SBRA’s reach was expanded through the CARES Act to small business borrowers with debts of less than $7,500,000. It’s a new fast-track, debtor-friendly bankruptcy option that alters creditors’ rights in Chapter 11 bankruptcy cases. 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 SBRA allows a debtor to “cramdown” a non-consensual reorganization plan. Under 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 you need to know about Chapter 11 and SBRA, including related potential pitfalls and traps. 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
DON’T MISS THESE RELATED WEBINARS! Collection Series: Your Borrower Is Threatening Bankruptcy, Now What? on Wednesday, May 12, 2021 Collection Series: Chapter 7 & 13 Consumer Bankruptcies: Special Rules, Cramdowns & Risks on Thursday, July 22, 2021 MEET THE PRESENTER - Eric L. Johnson, JD, Spencer Fane LLP Eric Johnson is a partner at Spencer Fane LLP. He represents financial institutions in bankruptcy, non-bankruptcy insolvency proceedings, such as receiverships and foreclosure proceedings, out-of-court workouts and restructurings, and other insolvency matters. An experienced litigator, Eric also represents clients in complex insolvency related litigation, including bankruptcy avoidance actions and other adversarial or contested matters. He is a member of the panel of Chapter 7 trustees for the Western District of Missouri and has served as a federal equity receiver. He holds a bachelor’s from the University of Northern Iowa and a JD from the University of Iowa College of Law. THREE REGISTRATION OPTIONS – WHAT YOU GET 1. Live Webinar Includes
2. On-Demand Webinar Includes
3. Purchase the BOTH Option to receive all the benefits listed above! Full registration descriptions can be found here. Note: All materials are subject to copyright. Transmission, retransmission, or republishing this webinar to other institutions or those not employed by your financial institution is prohibited. Print materials may be copied for eligible participants only. AFFORDABLE, PROFESSIONAL TRAINING, WHEN AND WHERE YOU CHOOSE
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