MIAMI, FL- September 5, 2023- Bast Amron Partner Jeffrey Bast and Attorney Jaime Leggett will be panelists on a Two-Part Webinar titled “Business Bankruptcy 101: Chapter 11 Nuts and Bolts” hosted by Pincus Professional Education on Tuesday, September 19th, and Thursday, September 21st.
Webinar Details:
Part 1: Tuesday, September 19, 2023
Pre-Bankruptcy Considerations & Commencement of Chapter 11- Jeff Bast
Chapter 7 vs. 11 vs. 13 in a nutshell
Voluntary vs. Involuntary Filings
Ascertaining if the Business and Principals Can Survive and Grow in a Chapter 11
The Initial Consultation and What Happens Before the Consultation
The Attorney as Advisor, Businessperson, Advocate & Fiduciary. in Chapter 11
The Exit Strategy – the goals
The Bankruptcy Petition, Schedules and Statement of Financial Affairs
Employment of Professionals; consequences for not obtaining court approval
Role of U.S. Trustee and trustee in chapter 11 cases
Trustee compliance requirements
Official and Other Informal Committees – Jaime Leggett
Types of official and informal committees
Creditor
FRBP 2019
Solicitation of committees by counsel
Formation and role in a case
Pre- and post-filing
Duties of committee members and counsel
Protection of confidential information
Internal governance and operation of the committee
Part 2: Thursday, September 21, 2023
Chapter 11 Plan Formulation and Confirmation- Jeff Bast
Types of Plans – Reorganizing or Liquidating
Statutes, one section at a time, so, 1129(a)(1), (a)(2), (a)(3), etc.
Disclosure statement – Examine sample Disclosure Statements
Check List of Required Information
The Plan Feasibility
Classification & voting
Cramdown
Absolute Priority Rule
New Value Monies
Market Testing
Competing plans/exclusivity
Plan injunctions and discharges for non-debtors
The Confirmation Hearing
Effect of discharge and re-vesting of property upon confirmation
Plan – Examine sample plans
Subchapter V (Small Business Debtor Reorganization)- Jaime Leggett
Eligibility – Who Qualifies for Subchapter V
Subchapter V Trustee – Their Role and Powers
Timeline – An Accelerated Process
Plan Confirmation – New “Fair and Equitable” Test and Elimination of the Absolute Priority Rule and Impaired Assenting Class Requirement
Various Case Law Developments – Discharge ability, Ability to File a Plan, Plan Modification, and Other New Issues
To register, or to learn more, click here. *There is a cost to attend