Business Bankruptcy Basics Part I: The Filing – Strategies and Considerations

In this program, bankruptcy panelists will explain the basics of corporate reorganizations and liquidations. This program is intended to provide junior bankruptcy practitioners and non-bankruptcy practitioners with an overview of the fundamentals of business bankruptcy. Topics covered during Day 1 include an overview of Chapters 7 and 11; bankruptcy planning and case filing, initial pleadings, first day and second day orders, and post-filing obligations.

Overview

• Overview of Chapter 7, 11, Involuntary, SBRA
• Entry v. Exit
• Goals, Objectives of Reorganization v. Liquidation

First Day Motions and Automatic Stay

• Overview of the Automatic Stay, Exceptions, and Application to Third Parties
• First Day Motions – Interim vs. Final Orders
• First Day Declaration
• Common First Day Motions: Lease Rejection Motion, Critical Vendors, Cash Collateral, Lease Assumption, Joint Administration, Retention, Cash Management, Prepetition Wages, Tax, Insurance, Utilities, Customer Obligations

Case Administration

• Overview of Bankruptcy Schedules and SOFA
• Operating Reports
• Professional Retention & Compensation
• Patient Care Ombudsman, Privacy Ombudsman, Sub-V Trustee
• Committees
• Appointment of Trustees and Examiners
• Executory Contracts & Unexpired Leases
• IDI, 341 Meetings

Speakers

Mark B. Brenner, Esq., Gallet Dreyer & Berkey, LLP

Hon. Lisa G. Beckerman, United States Bankruptcy Court SDNY

George P. Angelich, Esq., Arent Fox, LLP

Eric Huebscher, Huebscher & Co. Professionals

William K. Harrington, United States Trustee Regions 1 and 2