The SBRA and Its Impact on Trade Creditors

Recorded On: 08/05/2020

This on-demand webinar is available for 14 days after purchase and you may watch the on-demand webinar as many times as you like. 

Given the number of troubled businesses on the rise, any company extending credit to another company faces the likelihood that one or more of its customers will end up in bankruptcy. Now, more than ever, it is critical for creditors to understand how the Small Business Reorganization Act (SBRA), which took full effect in February, impacts creditor participation and other creditor rights under the revised Bankruptcy Code. This panel will examine, among others, the consequence of the SBRA on creditors under the newly added Subchapter V of the Bankruptcy Code, including the elimination of the creditors committee. The discussion will also cover provisions of the SBRA that provide creditors in all bankruptcy cases with major benefits through changes in preference laws. Finally, the panelists will examine tactics creditors could employ to manage receivables in these cases, and generally protect their rights in Subchapter V bankruptcy proceedings.

About the Speakers

Jonathan Friedland, Esq., Sugar Felsenthal Grais & Helsinger LLP

Jonathan Friedland is a partner with, and executive committee member of, Sugar Felsenthal Grais & Helsinger, LLP.  Although based in Chicago, he is licensed to practice in Arizona, Illinois, New Jersey, and New York.  He views his job very simply:  to make clients money whenever possible and to protect their interests at every turn.  Jonathan holds the highest possible rating from Martindale-Hubbell (AV® Preeminent™) and AVVO (10/10), has been repeatedly recognized as an Illinois “superlawyer” in the areas of Business/Corporate Law and Bankruptcy & Creditor/Debtor Rights, has been named several times as a “Leading Lawyer” by Leading Lawyers Magazine, and has received several other similar distinctions. Jonathan earned his Juris Doctorate from the University of Pennsylvania Law and his Bachelor of Science from the State University of New York at   Albany.

Hajar Jouglaf, Esq., Sugar Felsenthal Grais & Helsinger LLP

Hajar Jouglaf is an associate at Sugar Felsenthal Grais & Helsinger who collaborates with clients to identify and resolve critical issues when dealing with distressed situations. Hajar also sits on the board of the Chicago Network of the International Women’s Insolvency & Restructuring Confederation (IWIRC).

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The SBRA and Its Impact on Trade Creditors
Open to view video.
Open to view video. Given the number of troubled businesses on the rise, any company extending credit to another company faces the likelihood that one or more of its customers will end up in bankruptcy. Now, more than ever, it is critical for creditors to understand how the Small Business Reorganization Act (SBRA), which took full effect in February, impacts creditor participation and other creditor rights under the revised Bankruptcy Code. This panel will examine, among others, the consequence of the SBRA on creditors under the newly added Subchapter V of the Bankruptcy Code, including the elimination of the creditors committee. The discussion will also cover provisions of the SBRA that provide creditors in all bankruptcy cases with major benefits through changes in preference laws. Finally, the panelists will examine tactics creditors could employ to manage receivables in these cases, and generally protect their rights in Subchapter V bankruptcy proceedings.