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Longleaf Law Partners

A boutique commercial real estate law firm

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Bankruptcy-Buzz_4

Only the Subchapter V Small Business Debtor May File a Plan of Reorganization

Posted on June 16, 2020
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The Small Business Reorganization Act of 2019 (SBRA) became effective on the eve of the economic free fall stemming from the COVID-19 pandemic. Longleaf Law Partner’s bankruptcy law expert, Cindy G. Oliver, explains the new law in our 13-part series, Bankruptcy Buzz. Part 8 of 13: Unlike in a traditional Chapter 11 case, nobody can file a competing plan of reorganization in a Subchapter V small business case. The plan, which must be filed within 90 days,
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The Subchapter V Small Business Plan of Reorganization

Posted on June 11, 2020
Comments Off on The Subchapter V Small Business Plan of Reorganization
The Small Business Reorganization Act of 2019 (SBRA) became effective on the eve of the economic free fall stemming from the COVID-19 pandemic. Longleaf Law Partner’s bankruptcy law expert, Cindy G. Oliver, explains the new law in our 13-part series, Bankruptcy Buzz. Part 7 of 13: Unsecured creditors generally do not receive a payment on their claims in a Chapter 11 bankruptcy case until a plan of reorganization is confirmed, and a secured creditor may only receive
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Required Status Conference

Posted on June 9, 2020
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The Small Business Reorganization Act of 2019 (SBRA) became effective on the eve of the economic free fall stemming from the COVID-19 pandemic. Longleaf Law Partner’s bankruptcy law expert, Cindy G. Oliver, explains the new law in our 13-part series, Bankruptcy Buzz. Part 6 of 13: A small business debtor who elects to reorganize under the new Subchapter V of Chapter 11, is required to attend a status conference, as is the trustee appointed in the case,
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Creditors’ Committees Generally Eliminated in Subchapter V

Posted on June 4, 2020
Comments Off on Creditors’ Committees Generally Eliminated in Subchapter V
The Small Business Reorganization Act of 2019 (SBRA) became effective on the eve of the economic free fall stemming from the COVID-19 pandemic. Longleaf Law Partner’s bankruptcy law expert, Cindy G. Oliver, explains the new law in our 13-part series, Bankruptcy Buzz. Part 5 of 13: There are no creditors’ committees in a Subchapter V small business Chapter 11 case unless the bankruptcy court deems them warranted. In a traditional Chapter 11 bankruptcy case, an unsecured
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The New Subchapter V Trustee

Posted on June 2, 2020
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The Small Business Reorganization Act of 2019 (SBRA) became effective on the eve of the economic free fall stemming from the COVID-19 pandemic. Longleaf Law Partner’s bankruptcy law expert, Cindy G. Oliver, explains the new law in our 13-part series, Bankruptcy Buzz. Part 4 of 13: Contrary to a traditional Chapter 11, a trustee is appointed in every Subchapter V small business bankruptcy case. However, the Subchapter V trustee does not operate the debtor’s small business,
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Filed Under: Bankruptcy Buzz

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Raleigh, NC 27612

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