Small Business

Attendees will work through case problems in small judge-led groups.

This panel will explore the differences between state court assignments for the benefit of creditors and receiverships, and bankruptcy court chapter 7 and subchapter V.

Judicial Debate: Tough Issues in Subchapter V Cases
Past Presidents Debate: The Efficacy of Third Party Releases

Subchapter V arrived in 2020, offering qualifying individuals a restructuring alternative to standard chapter 11 and chapter 13. So what are consumer bankruptcy lawyers so afraid of?! This panel will review the differences between chapter 13 and subchapter V by looking at eligibility and reporting requirements, estate administration, and the nuanced differences of plan confirmation and discharge in each chapter.

Now that subchapter V's first three years are in the rearview mirror, this session will pull back the curtain on this latest reorganization tool to discuss what is (or is not) working. Attendees will hear from three practicing subchapter V trustees, a career bankruptcy law clerk, and a bankruptcy judge with an active subchapter V docket to examine what practitioners are doing right, and what they are doing wrong, when representing clients in subchapter V cases.