Bankruptcies across the board soared 14% during the first quarter. Learn more from our Bankruptcy & Restructuring Chair and President of the American Bankruptcy Institute, Christopher Ward, as he discusses the rise with NTD news and the sunset of the $7.5 million debt cap under Subchapter V: https://lnkd.in/gRYE42nD. #bankrupcty #bankruptcylaw #subchapterv
Polsinelli’s Post
More Relevant Posts
-
New Month new series, tomorrow we are publishing a 2 part series about your Credit. Navigating Debt and Insolvency with Sandra Landry, CIRP, LIT, CPA, CA, Senior VP #MNP. Interesting to learn in this series that Bankruptcy can take longer than consumer proposals to complete.
To view or add a comment, sign in
-
Are you aware of the impact bankruptcy filings can have on financial institutions? Subchapter V, a lesser-known bankruptcy option, provides small business debtors with a streamlined process to reorganize debts, presenting new challenges for banks. With Subchapter V filings on the rise, it's crucial for banks to be prepared. RMA webcasts are back, register here: https://lnkd.in/gY95Ycny Speakers: Jason Alpert, CRC, Managing Partner, Castlebar Holdings Ken Yager, President, Newpoint Advisors Corporation Christian George, Office Managing Partner, Akerman LLP, Jacksonville, Florida #RMAWebcasts #RiskManagement #Bankruptcy #Debt
To view or add a comment, sign in
-
Financial Professional | Strategic Banking Leader | Workout and Restructuring Expert | Distressed Asset Sales | Author, Teacher, Mentor
Are you a banker, creditor, or financial professional that is curious about Subchapter V bankruptcy (Small Business Relief Act)? Need a quick primer and want to learn about the subject from subject matter experts Christian George at Akerman Law and Ken Yager at Newport Advisors. Then this upcoming The Risk Management Association webinar is for you. Please join the webinar that I had the pleasure of sitting on with my panelists. I believe this is a great follow up to the RMA Journal article that Christian and I wrote last year. Please DM me if any questions or if I can help on any matters! #rmawebcasts #bankruptcy #debt
Are you aware of the impact bankruptcy filings can have on financial institutions? Subchapter V, a lesser-known bankruptcy option, provides small business debtors with a streamlined process to reorganize debts, presenting new challenges for banks. With Subchapter V filings on the rise, it's crucial for banks to be prepared. RMA webcasts are back, register here: https://lnkd.in/gY95Ycny Speakers: Jason Alpert, CRC, Managing Partner, Castlebar Holdings Ken Yager, President, Newpoint Advisors Corporation Christian George, Office Managing Partner, Akerman LLP, Jacksonville, Florida #RMAWebcasts #RiskManagement #Bankruptcy #Debt
To view or add a comment, sign in
-
The debt limit for Subchapter V bankruptcy is expected to revert to $2.7 million this Friday, down from the $7.5 million threshold set during the pandemic. Subchapter V offers a more affordable and less complex alternative to Chapter 11, making it a vital tool for distressed businesses seeking to reorganize and recover. Despite strong bipartisan support to maintain the higher threshold, the bill has stalled in Congress. Without swift action, businesses facing financial challenges will need to explore less favorable options like Chapter 11 or Chapter 7, risking liquidation. At Indiva Advisors, we understand the importance of strategic financial planning and navigating complex bankruptcy processes. We're here to support small businesses through these changes and help you find the best path forward. Stay informed and prepared – the landscape is shifting, but your resilience and adaptability are key. Read more here: https://lnkd.in/gDWd-5ZA #SmallBusiness #Bankruptcy #FinancialPlanning #IndivaAdvisors
To view or add a comment, sign in
-
Credit Risk Review | Credit Policy Assessment | Testing Quality of Underwriting | Loan Management Compliance | Credit Risk Reporting | Problem Loan Identification
Before subchapter V, filing Chapter 11 was costly for small business owners. However, the Small Business Reorganization Act of 2019 gave them more options. According to the U.S. Trustee Program data, Chapter 11 subchapter V filings are trending higher. Small Business Banking leaders and Special Asset managers should familiarize themselves with these changes by attending the RMA webinar on Understanding and Mitigating the Risks of Subchapter V Bankruptcies.
Are you aware of the impact bankruptcy filings can have on financial institutions? Subchapter V, a lesser-known bankruptcy option, provides small business debtors with a streamlined process to reorganize debts, presenting new challenges for banks. With Subchapter V filings on the rise, it's crucial for banks to be prepared. RMA webcasts are back, register here: https://lnkd.in/gY95Ycny Speakers: Jason Alpert, CRC, Managing Partner, Castlebar Holdings Ken Yager, President, Newpoint Advisors Corporation Christian George, Office Managing Partner, Akerman LLP, Jacksonville, Florida #RMAWebcasts #RiskManagement #Bankruptcy #Debt
To view or add a comment, sign in
-
Higher-for-longer #InterestRates and approaching maturity walls will lead to an uptick in high-yield and leveraged-loan defaults, including distressed debt exchanges and corporate bankruptcies, supporting the need for liability management and restructuring services from advisory firms. Learn more: https://ow.ly/HrR350Ru6RG #FitchRatings #NonBanks
To view or add a comment, sign in
-
Attorney at Marshall A. Entelisano, P.C. - I help people struggling with debt and finances get a fresh start and live life debt free.
🚫 Bankruptcy Myths and Facts: Myth - You will never be able to rebuild your credit after bankruptcy. The truth is, with time and responsible financial management, you can gradually rebuild your credit and improve your financial standing. 💪🏼💳 Schedule a free consultation at Kill Bills Fast - Marshall Entelesano to debunk bankruptcy myths and gain a clear understanding of the possibilities for rebuilding your credit. 🗓️📞 Visit https://www.rfr.bz/llln8tb to learn more. #BankruptcyMyths #RebuildCredit #KillBillsFast #BankruptcyAttorneys #FinancialRestructuring #TuscaloosaBankruptcyLaw #TuscaloosaDebtSolutions
To view or add a comment, sign in
-
Part 3: Throwing in the Towel? Bankruptcy Explained! Following up on our insolvency Q&A series, Partner & Head of Insolvency Chris Bowers tackles another common concern this week: Is filing for bankruptcy a simple process? Debt can feel overwhelming, and bankruptcy might seem like a quick fix. But before you take the plunge, there's more to the story! Chris explains the intricacies of bankruptcy and helps you decide if it's the right path for you. Tune in for the full breakdown with Chris in the comments below! Don't miss out on valuable insights that could impact your financial future. #insolvency #debt #bankruptcy #QandA
To view or add a comment, sign in
-
In today’s edition of The Default Notice, we examine the trend of early creditor group organization. Don’t @ me restructuring pros: https://lnkd.in/dqCzJGyy
To view or add a comment, sign in
-
Collection & Recovery Team Leader (SME-Retail)@ Aman for Debts Collection | Credit Analyst, Compliance Supervisor |Sales Coordinator | Finance Advisor
#Debt restructuring is a vital process aimed at providing relief to debtors and ensuring financial stability. By reorganizing financial obligations, entities can avoid bankruptcy and continue operations effectively. Key components of debt restructuring include negotiation with creditors to establish mutually beneficial agreements, debt refinancing for more favorable terms, debt-for-equity swaps, bondholder haircuts, and legal procedures like bankruptcy protection. Benefits of debt restructuring encompass avoiding default consequences, enhancing cash flow for growth and efficiency, and fostering stability and future growth opportunities. #DebtRestructuring #FinancialStability #Negotiation #CashFlow #BankruptcyProtection #damac #recovery
To view or add a comment, sign in
28,156 followers