What Small Businesses Need to Know About Bankruptcy in the Time of COVID

The new Subchapter V of the Bankruptcy Code that went into effect in February appears prescient in light of the COVID-19 pandemic. Recently expanded under the CARES Act, these provisions, added to the familiar Chapter 11, create a much more efficient and expeditious restructuring process.

Join Fox Financial Restructuring & Bankruptcy attorneys Mark Hall, Michael Herz and Heather Ries for an update on Subchapter V and how it might benefit your company, as well as other ways to protect your business interests while in bankruptcy.

Topics will include:

• New bankruptcy tool for small business debtors – Subchapter V
  • Primary benefits from a debtor’s prospective
  • Cost effective and efficient
  • Equity retention
• How small business creditors can protect themselves in a bankruptcy
  • Preference/fraudulent transfer strategies
  • Proper credit/loan documentation and perfection
  • Leases and contracts