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When Cases Collide: When Closely Held Businesses and Individual Owners Both Seek Bankruptcy Protection

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When Cases Collide: When Closely Held Businesses and Individual Owners Both Seek Bankruptcy Protection

By Graham Hunt


3/6/17 9:59 AM CT l Author: Stephanie Rodriguez

The Business Bankruptcy Committee invites you to attend this free non-CLE webinar on March 7, 2017 at 1:00 p.m. EST/ 10:00 a.m. PST.

Registration is not required. Simply click here to join this webinar on Tuesday!

Description:

What happens when both a closely held business and its owners are in bankruptcy? Using recent cases to highlight the issues, the panel will discuss the legal and practical issues that arise as a result of multiple bankruptcy cases, including:

  • What happens when individual owners file Chapter 7? How do you deal with stock ownership of the chapter 11 debtor? Control of the business in Chapter 11?
  • What happens when the individual owners and business entity each file separate Chapter 11 plans? What about overlapping claims (such as a loan guaranteed by the principal)?
  • What issues arise if you have a joint Chapter 11 plan for the individual and the business entity? 

Panelists:

  • Janet E. Bostwick, Janet E. Bostwick, P.C., Boston MA
  • Ronald A. Clifford, Blakeley LLP, Irvine, CA
  • Steven R. Kinsella, Fredrikson & Byron, P.A., Minneapolis, MN

Registration:

Access and add the webinar to your calendar by clicking here.

This webinar will last one hour. Recording and presentation will be available once it concludes.

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