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New Bankruptcy Law May Help Small Cos. Weather COVID-19
In February 2020, the Small Business Reorganization Act of 2019 (“SBRA”), also known as Subchapter V of Chapter 11 of the Bankruptcy Code, went into effect. The SBRA includes a number of provisions that make Chapter 11 reorganization quicker, cheaper and more effective for businesses with total debts under $2,725,625. The recently enacted CARES Act, designed to aid businesses suffering the effects of the coronavirus, increases the debt limit to $7,500,000 for one year, which will enable a far greater number of companies to take advantage of the SBRA. This course will address the benefits provided to small businesses under the SBRA, including simpler plan procedures and substantive provisions that make it easier for small business owners to confirm a plan of reorganization and retain equity in their companies.
This course is co-sponsored with myLawCLE.
About the Presenters
Andrew Zaron, Esq. is a partner at León Cosgrove LLP, who focused on bankruptcy, restructuring and related commercial litigation.
Mr. Zaron has extensive experience counseling and representing clients confronting the difficult choices imposed by financial distress. Over a period of 20 years working with some of the nation’s largest and most prestigious law firms, Mr. Zaron has developed an astute, solutions-oriented practice representing virtually every party in interest in insolvency- related situations.
His aggressive representation of clients has achieved extremely favorable results, whether through settlement or final court resolution. Mr. Zaron is ranked in the Bankruptcy /Restructuring category by Chambers USA, which notes that clients call him a “fantastic attorney” who “demon-strates excellent business sense” and praise him for his “very smart” approach and his “clear and concise communications skills.
Mr. Zaron’s experience spans a wide array of clients, industries and matters. He represents debtors, secured and unsecured creditors, official and ad hoc committees of creditors, trustees, vendors, state and federal court-appointed receivers, purchasers of distressed assets, and directors and officers of troubled companies. Industries represented include real estate, construction, telecommunications, retail, hospitality, construction, health care and entertainment, among others.
Out-of-court restructurings, workouts, bankruptcy proceedings, statutory liquidations, assignments for the benefit of creditors, friendly and contested foreclosure proceedings, receivership proceedings, and asset sales under Article 9 of the Uniform Commercial Code comprise a large part of his practice. He also frequently handles claims litigation, collections actions, actions to subordinate or set aside liens, claw back actions, and actions seeking recoveries for breaches of fiduciary duties, professional malpractice and negligence.
Mr. Zaron has been the lead attorney on matters large and small, including several where the amount in controversy exceeded $1 billion.
Registration
Registration Fees
- FBA Member: $0
- Use FBA Member Code: fedbar2020
How to Register
For registration or technical issues contact MyLaw CLE at (888) 413-1959 or bsinay@mylawcle.com
CLE
CLE credits earned: 1 GENERAL (or 1 LAW & LEGAL for WA state)