Celesq® Attorneys Ed Center

What Attorneys Need to Know About the Small Business Reorganization Act of 2019

Program Number: 3071

Program Date: 04/07/2020

Description

Small and mid-sized companies often find it difficult to use Chapter 11 to successfully reorganize and Chapter 11 forces distressed firms to incur significant professional fees, and the U.S. Bankruptcy Code imposes numerous administrative burdens on debtors. Congress recently addressed these problems by enacting the Small Business Reorganization Act of 2019 (the “SBRA”), which became effective on February 19, 2020. The SBRA is designed to foster successful restructurings of small businesses, and thereby save jobs and preserve enterprise value. Among other things, the SBRA adds a new “Subchapter V” to Chapter 11 of the Bankruptcy Code, which contain new tools to increase a small business debtor’s chances for a successful reorganization. During this webinar, participants will learn about the key features of new Subchapter V, as well as the potential benefits and drawbacks to filing a Subchapter V case. Participants will also learn about how the SBRA has modified existing law regarding actions to avoid and recover preference payments.

$95.00Online Audio Add to Cart

Available in states

California, Colorado Eligible, Florida, Georgia, New Jersey Eligible, New York, New York - BOTH New and Experienced Attorneys, Texas Self Study

Credit Information

50 minute credit hour - 1.0 General CLE credit, based on a 50 minute credit hour
60 minute credit hour - 1.0 General CLE credit, based on a 60 minute credit hour

State Program Numbers

Presenters


Michael Riela, Esq.

Tannenbaum Helpern Syracuse & Hirschtritt LLP

Michael advises clients in complex corporate restructuring, bankruptcy, data privacy and cybersecurity matters. He is also an experienced general business attorney, advising clients in general corporate, finance and litigation matters, including negotiating and drafting complex commercial contracts.

Michael is a frequent author and speaker. The “Publications” and “Events” tabs highlight many of his recent articles and speaking engagements.

Michael has in-depth experience in advising clients in corporate and real estate Chapter 11 and Chapter 7 bankruptcy cases, out-of-court restructurings, M&A transactions involving distressed sellers, debtor-in-possession (DIP) and bankruptcy exit loan facilities, secondary market trading of distressed debt and trade claims, and insolvency-related litigation. He has particular experience defending complex preference and fraudulent transfer cases, and with handling professional retention and fee dispute matters in bankruptcy cases. Michael focuses on helping clients minimize cost, delay and risk by developing and implementing out-of-court strategies when possible.

Michael’s clients primarily include distressed companies, boards of directors, indenture trustees, hedge funds, private equity firms, landlords, professional services firms (including major accounting firms), trade creditors, contract counterparties and shareholders.

Michael’s restructuring and bankruptcy practice spans across numerous different industries, though much of his recent work has been focused on the staffing, real estate, construction, retail, technology, and cannabis industries.

Michael assists clients identify, evaluate and manage risks associated with their data privacy and security practices. He advises clients on various U.S. federal and state privacy and data security laws and rules, including the Gramm-Leach-Bliley Act, the New York State Department of Financial Services cybersecurity regulation, HIPAA, the California Consumer Privacy Act (CCPA), and state data breach notification laws. He also advises clients with respect to the European Union’s General Data Protection Regulation (GDPR) and with respect to cross-border data transfers.

Michael helps clients evaluate their data security risks, and prepares and helps clients implement security documentation, including written information security programs, systems access policies and incident response plans. After a data breach occurs, Michael assists clients in addressing legal, operational and reputational risks arising from the breach.

Michael is a Certified Information Privacy Professional / United States Private Sector (CIPP/US), a Certified Information Privacy Professional / Europe (CIPP/E) and a Certified Information Privacy Manager (CIPM), which are designations awarded by The International Association of Privacy Professionals (IAPP).

Michael is an active volunteer in the community, serving as a Cub Scout leader and a Little League baseball coach. He also serves on the board of directors of the Edgemont School Foundation.

 

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