As the COVID-19 crisis deepens and extends in duration, large corporations, small businesses and individuals are facing extraordinary levels of financial stress. The type and number of commercial and consumer bankruptcies have changed with the pandemic. In Part 3 of the BBA Business Law Section’s 3-part CLE Series, a panel of experts will examine several bankruptcy and M&A issues: (i) the impact COVID-19 is having on commercial and consumer bankruptcy cases filed in the in the Southern Division, including procedural and practical considerations for the parties in interest; (ii) a discussion of the recently enacted Small Business Restructuring Act along with whether and how, so far, it has helped small businesses successfully reorganize; and (iii) the types of distressed transactions being effected by the pandemic as well as an assessment of the unusual attributes of distressed transactions, such as the sale of assets out of bankruptcy pursuant to Section 363 of the U.S. Bankruptcy Code.
Judge Sims Crawford (U. S. Bankruptcy Court of the Northern District, Southern Division)
Gene Price (Burr & Forman)
For more information on this event, visit the Birmingham Bar Association event page here.