One of the objectives of the Bankruptcy Code is to ensure that each class of creditors is treated equally. And one of the ways that is accomplished is to allow the debtor’s estate to claw back certain pre-petition payments made to creditors. Accordingly, creditors of a debtor who files for bankruptcy are often unpleasantly surprised to learn that they may be forced to relinquish “preferential” payments they received before the bankruptcy filing.

From: Asian JournalMay 13, 2020By: Atty. Raymond Bulaon A LOT of people who are burdened with credit card debt often don’t know where to turn for help. They see all the ads on TV, internet, etc. by so-called “debt consolidation” or “debt settlement” companies hoping that this will get them out of debt without filing for bankruptcy. More often than not, however, they end up either getting scammed or disappointed when those companies cannot deliver the big promises made.

From: NY PostBy: Thornton McEnery May 11, 2020
https://nypost.com/2020/05/11/nyc-taxi-rescue-plan-calls-for-medallions-to-be-250000/

From: Kinston.com
By: Bob Montgomery
Posted: May 11, 2020

https://www.kinston.com/news/20200511/legal-experts-expect-personal-bankruptcies-to-rise-with-covid-19

Small Business Reorganizations under New Subchapter V of Chapter 11 of the Bankruptcy Code The purpose of this class will be  to discuss  the changes to the new Subchapter V of the bankruptcy code and its impact on small business reorganizations.On August 23, 2019, President Trump signed into law the Small Business Reorganization Act of 2019 (“SBRA”), Pub. L. No. 116-54 (2019).

As the coronavirus shutdowns continue to strain companies across the U.S., many small businesses are now facing a tough decision: whether or not to file for bankruptcy.

Restaurants have become the economic lifeblood for many cities. The coronavirus threatens to take away more than just delicious food.

The change in Botanical Heights started with a single restaurant.

Aarthi Swaminathan ReporterYahoo Finance May 9, 2020
https://finance.yahoo.com/news/bankruptcy-student-loans-142107991.html

COVID-19 and Bankruptcy – Don’t Panic. Know Your Rights Before You Make Mistakes That Cannot Be Fixed.
This is a difficult time for everyone – employer, employee, parents, and seniors.  Never decide to do something without understanding the consequences of those innocent actions.

Through the World Wide Land Transfer
Topic
1.5 CREDIT CLE: Small Business Reorganizations under New Subchapter V of Chapter 11 of the Bankruptcy Code Time
May 27, 2020 10:00 AM in Eastern Time (US and Canada)