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Subchapter 5: The Nuts and Bolts

Presented by Sarah Beth Wilson & Danielle Mashburn-Myrick

(7,584 Ratings)
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Course Description

Length: 58min    Published: 1/30/2023    
The Small Business Reorganization Act of 2020 - commonly known as Subchapter 5 - is the most interesting bankruptcy law development in the past five years. As it is a relatively new area of bankruptcy law, courts around the country are making decisions in cases consistently that affect the application of the law. This course will take a broad spectrum view of Subchapter 5, addressing the legislation and parameters of the act as it stands based upon the recently enacted modifications concerning the debt limits and eligibility requirements.
Learning Objectives
* Understand the eligibility requirements of Subchapter 5
* Learn what duties and responsibilities trustees in Subchapter 5 cases have
* Know the differences between consensual plans and nonconsensual plans
Read the course transcript.

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Presented By:

Sarah Beth Wilson

Jackson, MS

(601) 360-9706

sarah.beth.wilson@phelps.com

Danielle Mashburn-Myrick

Mobile, AL

(251) 441-8202

danielle.mashburn-myrick@phelps.com

Featured Reviews

"Great presenters and a clear and understandable explanation of Ch. 5."

   Joan K

"Excellent presentation by hosts regarding the availability of this expedited bankruptcy process, as (the hosts noted) which is intended to make Chapter 11 BK proceedings more affordable and which, as the hosts noted per initial analyses, have demonstrated a greater efficiency, lower cost, and ultimate success in completion than the traditional Chapter 11 proceeding. The program also highlights the importance of pre-filing preparation, including the degree to which creditors will be amenable to the process, readiness to comply with the compressed filing deadlines, and how the debtor intends to make payments under / fund the plan if it is approved so that it can be successfully completed. Note: Hosts’ use of alternating video screens, rather than side-by-side (panel) Zoom or regular seating, worked well, brief pauses allowed taking notes without losing overall continuity of program. PRB"

   Paul B