Small Business Reorganizations under New Subchapter V of Chapter 11 of the Bankruptcy Code

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SKU: BNK4700 Back to Course Listings
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Virginia MCLE
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Courses purchased through the United Institute for Continuing Legal Education are provided and fully accredited by The National Academy of Continuing Legal Education, an approved Virginia State Bar MCLE Accredited Sponsor. To view our full accreditation details please .

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About This Course

There have been myriad changes to the new Subchapter V of the bankruptcy code with major impact on small business reorganization. This CLE course will explain these changes and discuss the origin and particulars of the new and its relationship to the Coronavirus Aid, Relief and Economic Security (CARES) Act.

The goal of the new act, though in actuality a subchapter of the bankruptcy code, specifically chapter 11, is to make it cheaper and easier for small businesses to reorganize. Given that in this district, 90% of chapter 11 filings are incapable of reorganizing which then deems them chapter 7 cases or dismissed on the “no asset” grounds, the act is meant to simplify the process to keep more small businesses afloat.

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