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OnDemand Course

Are Prepackaged Chapter 11 Bankruptcies Worth the Expense and Aggravation?

Understand the benefits and risks of prepackaged and pre-negotiated plans to accomplish Chapter 11 reorganization.

While the goal of every Chapter 11 case is to confirm a plan of reorganization, the plan approval process can take many shapes. In this topic you will learn why prepackaged and pre-negotiated Chapter 11 cases are becoming increasingly popular with business debtors, with a particular emphasis on small and medium-sized business debtors. This material will delve into the benefits and risks for both debtors and creditors of prepackaged and pre-negotiated plans to accomplish a Chapter 11 reorganization and offer strategies and considerations for all stakeholders in the negotiation process.

96 minutes
Course Exam
Certificate of Completion
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Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

What Does a Prepackaged Chapter 11 Involve?

Identifying the Elements in a Case Which Would Make a Prepackaged Chapter 11 Attractive

Impact of Subchapter V on Prepackaged Bankruptcies

Identifying the True Benefits of a Prepackaged Chapter

Identifying the True Risks or Detriments of a Prepackaged Chapter 11

Pre-Negotiated Chapter 11 as an Alternative to Prepackaged

Impact of Converting From a Prepackaged Chapter 11 to a Traditional One

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Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Course

Applications have not yet been submitted for Delaware, Idaho, Kentucky, Maine, New Hampshire, Ohio, Oklahoma, South Carolina, and Wyoming CLE for this course. However, if you are interested in obtaining CLE for any of the listed states or have any additional credit questions please email us at [email protected] or call us at 866-352-9540.

This course was last revised on September 23, 2021.

Call 1-866-352-9540 for further credit information.

  • AR CLE 1.5
     
  • This course has been approved for 1.5 hours of CLE by the Arkansas CLE Board.
     
  • CA MCLE 1.5
     
  • Lorman Business Center, LLC. is a State Bar of California approved MCLE sponsor and this course qualifies for 1.5 CLE hours of participatory credit.
     
  • NY CLE 1.5 including Areas of Professional Practice 1.5
     
  • This course has been approved in accordance with the requirements of the New York Continuing Legal Education Board for up to a maximum of 1.5 credit hours in the area(s) of Areas of Professional Practice for 1.50 hours. Each hour may be counted only as satisfying one category of credit. Duplicate credit for the same hour of instruction is not permitted. This course qualifies for both established and newly admitted attorneys. Lorman Business Center, LLC. has a financial hardship guideline. Please contact customer service at 1.866.352.9539 for instructions on how to apply.
     
The CLE Code is ONLY a requirement when applying for CLE Credit in New York. Other states do not need to supply the CLE Code to apply for CLE credit.

To earn each credit Lorman offers through the OnDemand learning platform, you need to watch 100% of the program. Also, for certain credits you will need to fulfill additional requirements which will be displayed on the "credits" tab when viewing the course.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Sierra M. Minder

Sierra M. Minder

Sacks Tierney P.A.

  • Attorney with Sacks Tierney P.A.
  • Practices in the areas of bankruptcy and restructuring and litigation
  • While a newcomer to the bankruptcy scene, she has had the opportunity to work under a diverse group of bankruptcy attorneys, representing both Debtors and Creditors in Chapter 11 cases
  • Practice focuses on helping her clients find efficient and practical solutions, in and out of bankruptcy
  • Before joining Sacks Tierney, she served as Legislative Correspondent for economic and judicial issues for U.S. Senator Dan Sullivan, and she was an extern at the Gonzaga University Office of General Counsel, where she researched tort liability, constitutional law, and contract issues for the University
  • J.D. degree, magna cum laude, Gonzaga University School of Law where her achievements included the CALI Awards in Civil Procedure, Advanced Torts, and Consumer Law
Randy Nussbaum

Randy Nussbaum

Sacks Tierney P.A.

  • More than 40 years of experience assisting individuals and businesses with complex bankruptcy protection, transaction, and litigation matters
  • Certified Bankruptcy Specialist (Arizona Board of Legal Specialization) and Certified Business Bankruptcy Specialist (American Board of Certification)
  • Respected lecturer and author on topics regarding bankruptcy, construction, and real estate
  • Named to the Super Lawyers’ Top 50 list of Arizona attorneys, selected as one of The Best Lawyers in America, and named as Lawyer of the Year (Scottsdale) in Bankruptcy and Creditor Debtor Rights and in Bankruptcy Litigation
  • Can be contacted at [email protected] or 480-212-1682
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Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

All of your training, right here at Lorman

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

  • OnDemand Courses
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  • MP3 Downloads
  • Course Manuals
  • Executive Reports
  • White Papers and Articles

Additional benefits include:

  • State Specific Credit Tracker
  • All-Access Pass Course Concierge

Questions? Call 877-296-2169 to speak with a real person.

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Product ID: 409048
Published 2021
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