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Tuesday, November 10, 2020 Webcast

Bankruptcy Basics: Understanding the Reorganization and Liquidation Process in These Uncertain Economic Times (X1-BNK2-2020-01-WEBNR-315-01)

7:00 PM - 9:00 PM EST
webcast

Webcast

2.0 CPE Credits in BL

OVERVIEW

Consumers and businesses file for bankruptcy to seek protection from creditors and to reorganize or liquidate debts. Bankruptcy filings rise and fall with the economy. Surveys show that loss of income is the leading cause of consumer bankruptcies, followed by medical expenses and foreclosure. Corporate bankruptcies, on the other hand, are often the result of several factors, including excessive debt, decreased demand, increased costs, lawsuits or poor accounting practices. It is no secret bankruptcy filings will see a tremendous uptick in the wake of the Covid-19 pandemic. As an accountant, CFP, attorney or other professional, you need to be able to discuss the process and different available courses of action with your clients. Both landlords and tenants will be influenced tremendously. Individuals will look to your advice for a discharge and new start. Businesses will do the same and will also need to advise loyal employees. Creditors will receive proofs of claim and look to you for your expertise. Take this webinar and make sure you can speak fluently to both creditors and debtors. As trusted advisors, then, professionals should have a basic understanding of the bankruptcy process. This course provides a thorough review of the consumer and corporate bankruptcy practice. Participants in this webinar will gain an understanding of how consumer and corporate bankruptcy proceedings begin and end, as well as learn about key issues that affect debtor and creditor rights during bankruptcy. This webinar provides information from the perspective of both debtor and creditor. Although bankruptcy concerns the debts of the debtor, the Bankruptcy Code provides substantial protections to creditors. Creditor rights, however, vary widely depending on the status afforded the creditor under the Bankruptcy Code. Do yourself, your clients and your profit margin a favor and sign up for this invaluable webinar.

DESIGNED FOR

Professionals seeking to understand the basic components of bankruptcy proceedings.

BENEFITS

  • Understand the different types of bankruptcy proceedings
  • Advise clients regarding the proof of claim process
  • Be well versed in the eligibility requirements for consumer bankruptcies
  • Understand the role of the automatic stay injunction

HIGHLIGHTS

  • Commencement of a bankruptcy proceeding
  • Protections provided to debtors under the Bankruptcy Code
  • Key procedural aspects of bankruptcy
  • The automatic stay
  • Differences between Chapters 7, 11, and 13 bankruptcy cases
  • The bankruptcy discharge
  • Proofs of claim
  • Plans of reorganization
  • Litigation that can arise during bankruptcy
  • Creditor committees
  • Bankruptcy trustees
  • Avoidable preferences and fraudulent transfers
  • Special rights afforded to landlords and secured creditors

COURSE LEVEL

Basic

PREREQUISITES

None

ADVANCE PREPARATION

None

INSTRUCTOR

Jason Cornell

Jason Cornell

Jason Cornell is an experienced civil litigator with over 14 years of experience working in areas of automobile negligence, products liability and wrongful death. As a commercial litigator, Jason has represented a wide range of high-profile clients, including Hess Energy, Morgan Stanley and NBC Universal. Jason’s litigation experience also includes representing the bankruptcy trustee for one of the largest bank failure cases in U.S. history. Prior to practicing law, Jason worked for several years as a senior claims representative at one of the nation’s largest insurance companies. Jason brings an impressive range of insight and understanding on how insurers and corporate defendants value and litigate personal injury claims. Prior to joining Clark Fountain, Jason was an equity partner at an AmLaw 200 law firm. Jason previously served as editor and lead author of the South Florida Trial Practice Blog and the Delaware Corporate Bankruptcy Blog. Jason is a contributing author to Clark Fountain’s blog, writing on issues relevant to automotive defect litigation. During his career, Jason received awards for pro bono work representing dependent and neglected children, as well as his for his commitment to mentoring young attorneys. Jason previously served on the board of two nonprofits, one providing therapy services for children on the autistic spectrum and another advocating for grandparents who have custody of their grandchildren. Jason is a member of both the Florida Justice Association and the Palm Beach Justice Association.

PRICING

$89.00 - Member

$99.00 - Nonmember

Pre-Registration Closed

Online pre-registration for this event is now closed.

ADDITIONAL OPTIONS

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COURSE DEVELOPER

Surgent

Qualifies For

  • CFP