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Avoiding Bankruptcy for Small Businesses in Financial Distress

Tuesday April 23 , 2013

  • By: The Legal Aid Society, Weil, Gothal & Manges LLP
  • Time: 6:00 PM - 8:30 PM
  • Time Zone: Eastern Time (US & Canada)
  • CLE Credit
  • Location:
    Weil, Gotshal & Manges LLP
    767 Fifth Avenue
    New York, NY
  • Contact:
    Rosemary Hare-Bey
    The Legal Aid Society
  • Website: www.legal-aid.org

Obtain the knowledge to assist low-income small businesses - corporations, partnerships, or sole proprietorships - faced with financial distress due to loss of a lease, sustained business slowdown, financing issues, or an unforeseen disaster, by analyzing the relevant circumstances and weighing the potential courses of action. While the session is focused predominantly on filing for bankruptcy relief and using the protections afforded under the Bankruptcy Code, the session also includes a discussion of other key actions by which low-income business owners might salvage or, if necessary, wind down their companies. These include out-of-court workouts, assignments for the benefit of creditors, winding up under state law, and obtaining financing from the Small Business Administration.

Faculty Chairs: Marcia Goldstein, Esq., Alfredo Perez, Esq., Ronit Berkovich, Esq., Abigail Zigman, Esq., and Candace Arthur, Esq., Weil, Gotshal & Manges LLP; Peter Laurinaitis, Man-aging Director, Blackstone Restructuring Group.

CLE Credit: 2 credits total: 2 hours of professional practice/practice management. This program provides transitional credit for newly admitted attorneys.

Part of The Legal Aid Society's 2012-2013 CLE Pro Bono Training Program.

To see a full schedule or find training resources from trainings that have already taken place, please visit The Legal Aid Society's CLE Pro Bono Training Program portal page.

  • CLE Credit Comments: 2 credits total: 2 hours of professional practice/practice management. This program provides transitional credit for newly admitted attorneys.
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