CLE Course Details

Small Business Reorganizations under New Subchapter V of Chapter 11 of the Bankruptcy Code

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Price: $55
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  • Description

    There have been myriad changes to the new Subchapter V of the bankruptcy code with major impact on small business reorganization. This CLE course will explain these changes and discuss the origin and particulars of the new and its relationship to the Coronavirus Aid, Relief and Economic Security (CARES) Act.

    The goal of the new act, though in actuality a subchapter of the bankruptcy code, specifically chapter 11, is to make it cheaper and easier for small businesses to reorganize. Given that in this district, 90% of chapter 11 filings are incapable of reorganizing which then deems them chapter 7 cases or dismissed on the “no asset” grounds, the act is meant to simplify the process to keep more small businesses afloat.

  • Instructor Bio

    James Shenwick

    James (Jim) Shenwick is the principal and owner of Shenwick & Associates, based out of New York City (Manhattan) with a practice limited to personal and business bankruptcy, short sales, workouts, real estate leasing (office, retail, restaurant), asset protection planning, taxi medallion workouts, distressed restaurants and tax controversy work including IRS offers in compromise and installment agreements.

    Shenwick & Associates is a small law firm that is disciplined, cost effective and leverages technology to zealously represent clients legally and strategically.

    Jim Shenwick has practiced law for 30 years. Jim specializes in:

    • Filing bankruptcy petitions for individuals and businesses (over 500 to date)
    • Defending Adversary Proceedings brought by Bankruptcy Trustees for fraudulent conveyance
    • Asset protection planning
    • Filing offers in compromise with IRS
    • Reviewing and negotiating office leases for Tenants (over 250 to date)
    • Workouts and short sales for real estate clients, representing buyers and sellers of townhouses, coop's, condominiums and houses
    • Reviewing and negotiating AIA Construction documents for owners with contractors and architects

    Jim Shenwick is listed in the 2020 Martindale-Hubbell® Bar Register of Preeminent Attorneys™.

    Jim Shenwick graduated from the University of Pennsylvania Wharton School Undergraduate Division in 1979, the Boston University Law School of Law in 1982 and the New York University School of Law Graduate Tax Program in 1983. He is admitted to the bar in the State of New York and admitted to practice law in the Southern District of New York and the Eastern District of New York. He has practiced law for 30 years and has a practice limited to real estate and bankruptcy law.