The Small Business Reorganization Act of 2019 (SBRA) became effective on February 19, 2020, bringing with it a new reorganization tool for small business debtors: Subchapter V of the U.S. Bankruptcy Code. Subchapter V streamlines the Chapter 11 bankruptcy process for small business debtors,...
Ever wanted to know what ”connections” are when it comes to disclosure? Maybe you’ve thought about how much you really need to include about ”scope of work” when being retained in a case matter. Or have you ever wondered if your...
Could the retail apocalypse really get any worse than it already was? Unfortunately, the answer was yes. Is the tsunami of a retail market in freefall redefining a space that is already in the severest historical levels of...
With the world in an economic chokehold and in dire need of turnaround help across most industry sectors, is the traditional Chapter 11 bankruptcy back in vogue, or will alternatives to bankruptcy give Chapters 11 and 7 a run...
On March 13, 2020, the president officially declared the COVID-19 pandemic a national emergency. In a matter of weeks, Congress passed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) as its initial legislative response to combat the economic fallout from the deadly virus. Exactly...
Q: How did you gravitate into turnaround/restructuring work? Rizzardi: It was not by design. I began to practice law in 1979. In 1982, I was working at a four-lawyer firm in Auburn, a small town south of Seattle. The town’s senior lawyers regularly gathered for cocktails, and one night they learned...
After years of relatively few filings, the number of bankruptcy cases started to gradually tick upward in 2019. Despite unprecedented economic growth since the Great Recession, many investors and professionals had been anticipating a downturn, but it is fair to say that “global pandemic” was on...
One of my favorite pastimes at the end of the year is perusing retrospective reviews of noteworthy and historical events from the prior 12 months. Even back when I was in elementary school, I loved to review the various Top 10 lists on television and radio (the internet was not quite a thing yet)...
Since the enactment of the U.S. Bankruptcy Code in 1978, there have been myriad economic cycles that have necessitated modifications in the way lending and restructuring communities operate, but nothing like the changes required by the onset of the coronavirus pandemic. This month’s JCR touches on...
