CPAR Accounting & Financial Reporting

CPAR - 2020/September, Seg. 1 - The Perfect Storm - Bankruptcy and COVID-19

Brooks Brothers, Muji, Sur La Table, RTW Retailwinds and many more businesses filed for bankruptcy in the last few weeks and there are certainly more on the horizon. One thing all these businesses have in common is that they were in distress even before COVID-19, but the virus outbreak pushed them over the edge by creating the perfect storm. COVID-19 resulted in some temporary changes to substantive bankruptcy rules under the CARES Act. Scott Markowitz, Partner and Co-Chair of the Bankruptcy and Corporate Restructuring Practice at Tarter Krinsky & Drogin, gives us an overview of those modifications, and how long they may last.

Learning Objectives:

  • Identify the key areas under the new Subchapter V of Chapter 11 of the Bankruptcy Code,
  • Determine how the absolute priority rule was reformatted under SBRA,
  • Recognize when automatic stay is applicable and under what circumstances a lender may make a motion to a debtor to leave automatic stay, and
  • Identify a strategy other than Chapter 11 that executives and management should consider.



Speaker / Author:

Scott Markowitz, Tarter Krinsky & Drogin

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Price (USD)

Standard: $69.90

Details

Course Code : CPAR1471-FM

Release Date : 10/02/2020
Expire Date : 11/14/2021
Credits :
CPE 2.00
QAS 2.00

Length : 1hr 40min
Course Level : Update
Course Type : Self-Study
Format Type : eLearning
Mobile Compatible
Field Of Study : Accounting


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