Corporate Bankruptcy for Small Businesses in Distress

Wednesday February 16
2011

  • By: The Legal Aid Society
  • Time: 6:30 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
  • Source: New York

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 as ordered 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 J. Berkovich, Esq., Abigail Zigman, Esq., and Candace Arthur, Esq., Weil, Gotshal & Manges LLP

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