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Differences Between Chapter 7 and 11 Bankruptcy


Presented by: Bruce Nathan, Jeffrey Cohen

Education

July 21, 2017
9:00 AM to 10:00 AM PST


Price: $49.00 Member, $69.00 Non-Member




 

Description

This is a basic program that discussed the difference between chapter 7 and 11 cases. First, there will be a discussion of how bankruptcy cases are commenced either voluntarily by the debtor or involuntarily by creditors and the risks and rewards of involuntary bankruptcy petitions. The speakers will then discuss the importance of the automatic stay that arises and the creation of a bankruptcy estate when a bankruptcy petition is filed and the discharge granted to the debtor and  grounds for creditors to object to discharge. The claims priority rules and creditor participation in the bankruptcy case by filing a proof of claim, responding to objections to claims and participating in a 341 meeting will then be covered. Next the speakers will cover the steps creditors should take to defend against preference claims. Finally there will discussion of the exit scenarios in chapter 7 and 11 cases.



Presenter Bio:

 

Bruce S. Nathan, Partner in Lowenstein Sandler's Bankruptcy, Financial Reorganization & Creditors' Rights Department, has more than 30 years' experience in the bankruptcy and insolvency field, and is a recognized national expert on trade creditor rights and the representation of trade creditors in bankruptcy and other legal matters.  Bruce has represented trade and other unsecured creditors, unsecured creditors' committees, secured creditors, and other interested parties in many of the larger Chapter 11 cases that have been filed, and is currently representing the liquidating trust and previously represented the creditors' committee in the Borders Group Inc. Chapter 11 case.  Bruce also handles letters of credit, guarantees, credit insurance and security, consignment, accounts receivable put, bailment, tolling, and other agreements and legal credit issues for the credit departments of institutional clients.

 

 

Jeffrey Cohen

 

Jeff has served as counsel to the creditors' committee in several of the most prominent retail and technology Chapter11 cases in the country, notably retail matters such as Vestis (Eastern Mountain Sports, Bob’s Stores, Sports Chalet),City Sports, Skymall, Brookstone, Blockbuster Video, Filene’s Basement, Allen's, Alexander Gallo Holdings, Signature Styles (dba Spiegel, Newport News and ShapeFx), Archbrook Laguna Holdings, Oriental Trading, Claim Jumper Restaurants, Pizzeria Uno , KB Toys, Lenox China, Sports Collectibles (dba BC Sports), Goody's Family Clothing, Boscov's, Scooter Stores, Wickes Furniture, The Bombay Company, Levitz Furniture, Harvey Electronics, Bachrach Clothing, Rag Shops, Norstan Apparel Shops, Troutman's Emporium, The Walking Co., Vertis Holdings, Velo Holdings, Christopher's Men's Stores, and Cornell Trading. Technology representations include Atari, Beyond Oblivion, KIT Digital, Fuhu, and HipCricket.

 

 

 



For More Information Contact:
Ann Westpy (702) 9032643-0 awestpy@emailcma.org
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