Recently, a new section was added to the Bankruptcy Code that allows small businesses to file a unique form of bankruptcy known as a Subchapter V case. It provides a number of advantages to businesses and business owners that were not previously possible and allows a case to be completed in much less time, and at less expense than a traditional chapter 11. In many instances, a business can quickly streamline, restructure or shed untenable debt, while allowing the equity owners to remain in place. This is intended to give a CPA an understanding of this new law and how it might be a valuable tool for certain clients.
DESIGNED FOR
CPAs from all size firms, business owners, CEOs, CFOs, Controllers and finance directors
BENEFITS
- Participants will be able to recall the different types of bankruptcy, and which is best for their company or client.
HIGHLIGHTS
- Types of bankruptcy
- Business Chapter 7
- Chapter 11
- Chapter 11 - The new subsection: Subchapter V
- FAQs
COURSE LEVEL
Overview
PREREQUISITES
None
ADVANCE PREPARATION
None
ADDITIONAL NOTES
Please contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199).