BEGIN:VCALENDAR VERSION:2.0 METHOD:PUBLISH PRODID:-//Telerik Inc.//Sitefinity CMS 13.3//EN BEGIN:VTIMEZONE TZID:Central Standard Time BEGIN:STANDARD DTSTART:20231102T020000 RRULE:FREQ=YEARLY;BYDAY=1SU;BYHOUR=2;BYMINUTE=0;BYMONTH=11 TZNAME:Central Standard Time TZOFFSETFROM:-0500 TZOFFSETTO:-0600 END:STANDARD BEGIN:DAYLIGHT DTSTART:20230301T020000 RRULE:FREQ=YEARLY;BYDAY=2SU;BYHOUR=2;BYMINUTE=0;BYMONTH=3 TZNAME:Central Daylight Time TZOFFSETFROM:-0600 TZOFFSETTO:-0500 END:DAYLIGHT END:VTIMEZONE BEGIN:VEVENT DESCRIPTION:The new Subchapter V bankruptcy alters creditors&rsquo\; rights . For example\, only\nthe debtor can file a reorganization plan. And debto rs are allowed to &ldquo\;cram\ndown&rdquo\; a non-consensual reorganizati on plan. Learn more about this fasttrack\,\ndebtor-friendly bankruptcy opt ion known as the Small Business\nReorganization Act (SBRA).\n\nLearning Ob jectives\n\n Distinguish between a regular Chapter 11 bankruptcy and a SBRA bankruptcy filing\n under Subchapter V of Chapter 11\n \n Id entify your institution&rsquo\;s rights under the SBRA\n \n Understa nd the terms of the debtor&rsquo\;s reorganization plan\n \n Determi ne the appropriate steps to take under the reorganization plan\n \n Challenge the debtor&rsquo\;s &ldquo\;cram down&rdquo\; based on the colla teral valuation and financial\n projections\n \n\nBankruptcy filings are on the rise\, and many business borrowers are opting to file under\nt he SBRA which became effective in February 2020. The CARES Act expanded th e SBRA&rsquo\;s\ncoverage to small business borrowers with debts of less t han $7\,500\,000. The SBRA is a\nnew fast-track\, debtor-friendly bankrupt cy option that alters creditors&rsquo\; rights in Chapter\n11 bankruptcy c ases.\n\nThe SBRA is faster because debtors are not required to file the d etailed statement required\nin regular Chapter 11 cases. In addition\, the SBRA reorganization plan must be filed\nwithin 90 days of the bankruptcy filing while a regular Chapter 11 plan can take a year or\nmore. However\, the most notable debtor-friendly characteristic is that the SBRA allows a \ndebtor to &ldquo\;cram down&rdquo\; a non-consensual reorganization plan . Under the SBRA\, only the\ndebtor can file a reorganization plan\, and t he court can confirm a debtor&rsquo\;s plan without\nthe support of any cl ass of claims as long as the plan is deemed to be fair and equitable.\nThi s webinar will explain what your institution needs to know about SBRA Chap ter 11\nbankruptcy cases and how to handle them. DTEND:20200810T203000Z DTSTAMP:20240329T105114Z DTSTART:20200810T190000Z LOCATION: SEQUENCE:0 SUMMARY:Bankruptcy’s New Subchapter V: The Small Business Reorganization Ac t UID:RFCALITEM638472882743309656 X-ALT-DESC;FMTTYPE=text/html:
The new Subchapter V bankruptcy alters cred itors&rsquo\; rights. For example\, only\nthe debtor can file a reorganiza tion plan. And debtors are allowed to &ldquo\;cram\ndown&rdquo\; a non-con sensual reorganization plan. Learn more about this fasttrack\,\ndebtor-fri endly bankruptcy option known as the Small Business\nReorganization Act (S BRA).\n
\nLearning Objectives
\nBank ruptcy filings are on the rise\, and many business borrowers are opting to file under\nthe SBRA which became effective in February 2020. The CARES A ct expanded the SBRA&rsquo\;s\ncoverage to small business borrowers with d ebts of less than $7\,500\,000. The SBRA is a\nnew fast-track\, debtor-fri endly bankruptcy option that alters creditors&rsquo\; rights in Chapter\n1 1 bankruptcy cases.\n
\nThe SBRA is faster because debtors are not r equired to file the detailed statement required\nin regular Chapter 11 cas es. In addition\, the SBRA reorganization plan must be filed\nwithin 90 da ys of the bankruptcy filing while a regular Chapter 11 plan can take a yea r or\nmore. However\, the most notable debtor-friendly characteristic is t hat the SBRA allows a\ndebtor to &ldquo\;cram down&rdquo\; a non-consensua l reorganization plan. Under the SBRA\, only the\ndebtor can file a reorga nization plan\, and the court can confirm a debtor&rsquo\;s plan without\n the support of any class of claims as long as the plan is deemed to be fai r and equitable.\nThis webinar will explain what your institution needs to know about SBRA Chapter 11\nbankruptcy cases and how to handle them.
END:VEVENT END:VCALENDAR