CLE: Practice Advice for Mom and Pop Company Chapter 11s
Because small business owners turn to you for advice when the family business fails, it is important that you understand the basics of a Chapter 11 bankruptcy with a small business debtor. Join us for a full-day seminar in Chicago on October 19th that brings you up to speed on current Chapter 11 details, including: voluntary petition; statements of financial affairs; monthly reports/quarterly fees; leases and executory contracts; retaining key suppliers and employees; liquidation analysis; burden of proof; and cramdown. Business advice attorneys, financial planning practitioners, and commercial banking/bankruptcy lawyers attending this seminar will gain a better understanding of: whether Chapter 11 will work for your client and other options to consider; case administration issues and filing requirements; the standard set of motions a bankruptcy case may go through; retainer fees and how to get paid; issues that can arise with creditors; disclosure statements and drafting a plan; the confirmation hearing; and substantial Consummation, the final order for payment, and closing the case.
The seminar is presented by the ISBA Commercial Banking, Collections, and Bankruptcy Section and qualifies for 6.0 hours MCLE credit.