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The Basics of Chapter 7, Chapter 11 and Chapter 13 Bankruptcy Proceedings: What You Should Know
Webinar
The Basics of Chapter 7, Chapter 11 and Chapter 13 Bankruptcy Proceedings: What You Should Know
Start
10/03/2023 - 5:30 PM
End
10/03/2023 - 8:00 PM
COURSE DETAILS
While bankruptcy is a useful tool for discharging debt or developing a plan to repay debts, understanding the different options for individuals or businesses is essential, as bankruptcy has long-term financial and legal consequences for people or entities who file under one of the various chapters of the Bankruptcy Code.
Our expert panelists will describe the basics of the different options, the consequences of filing under one of the chapters, alternatives to bankruptcy, as well as key factors to consider when deciding to file a bankruptcy petition.
Chapters to be discussed include:
- Chapter 7: Available to debtors who are individuals, partnerships, business entities or corporations and provides for the “liquidation –sale of a debtor’s non-exempt property, and distribution of the proceeds to creditors.
- Chapter 11: Provides for the reorganization, usually of a corporation or partnership. Normally, the debtor proposes a reorganization plan to keep the business going and pay creditors over a period of time.
- Chapter 13: Provides for the adjustment of debts of an individual who has regular income. The debtor is allowed to keep property and pay debts over time, normally 3-5 years.
FACULTY
Program Co-sponsor: NYCLA’s Bankruptcy Committee
Faculty: Norma E. Ortiz, Ortiz & Ortiz, LLP; James P. Pagano, James P. Pagano, Esq.
CLE CREDITS
3 NY Credits: 1 Ethics; 2 Skills; Transitional and Non-transitional; 3 NJ Credits: 1 Ethics; 2 General
GENERAL INFORMATION
To register: click the Register button below. The website will prompt you to log in or create an account to complete the checkout. If you are not a member, please join the membership before completing the checkout to take advantage of the member’s price. Registration closes 30 minutes before the program.
For technical and account-related issues, please get in touch with us at dradjabov@nycla.org
Webinar Link: After completing the checkout, you will receive a separate email with webinar access instructions. That email will arrive closer to the program start time. If you are still waiting to receive an access email 30 minutes before the program, please email cle@nycla.org.
Course Materials: We will email the link to download course materials 30 minutes before the program starts.
CLE Certificates (if applicable): After verifying your attendance, we will add your certificate to the “Download CLE Certificates” page, which you can access from your “My Account” page.