Bankruptcy for Lenders: Chapter 11 & Subchapter V, The Small Business Reorganization Act
On-Demand Webinar
StreamedSep 22, 2021Duration90 minutes
- Unlimited & shareable access starting two business days after live stream
- Available on desktop, mobile & tablet devices 24/7
- Take-away toolkit
- Ability to download webinar video
- Presenter's contact info for questions
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:
- Distinguish between a regular Chapter 11 bankruptcy and a SBRA bankruptcy filing under Subchapter V of Chapter 11
- Identify your institution’s rights under a traditional Chapter 11 and the SBRA
- Determine the appropriate steps when your borrower files a Chapter 11 bankruptcy– especially early on in the case
- Understand key elements and conditions of the debtor’s reorganization plan
- Challenge the debtor’s cramdown based on the collateral valuation and financial projections
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
- Employee training log
- Interactive quiz
Attendance certificate provided to self-report CE credits.
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.
Presented By
Spencer Fane LLP
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