Preparing for the Coming Wave of Small Business Bankruptcy Cases

Join Ballard Spahr Bankruptcy, Reorganization and Capital Recovery attorneys as they explain the recently adopted Small Business Reorganization Act and the new legal rules and standards that will govern the wave of small business bankruptcy cases expected to be caused by COVID-19 and the increase of the debt limit for eligibility to file as a small business debtor to $7.5 million under the CARES Act. Our discussion will include:

• Eligibility for treatment as a small business debtor
• Modified legal standards and procedures for plan confirmation
• The role of the case trustee
• Modification of loans secured by a principal residence
• Timeline and discharge
• Strategies for creditors navigating uncharted territory in small business cases
• Strategies for small businesses experiencing financial distress