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

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


During this webinar, 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 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

Start Date:
  • June 25, 2021
Start Time:
  • 2:00 PM
End Time:
  • 3:00 PM
Areas Of Professional Practice Credit(s):
  • 1.0
Total Credit(s):
  • 1.0
  • Virtual Participation
  • Webinar
Product Code:
  • 0KW61
Section Member Price: Free
NYSBA Member Price: $50.00 Join (or renew) for special member pricing
Non-Member Price: $100.00
Sponsoring Committee Group
  • Bankruptcy Law Committee (Business Law)