Hosted by Weil, Gotshal & Manges LLP as part of the Legal Aid Society’s Annual Training Program.
Obtain the knowledge to assist low-income small businesses – corporations, partnerships, or sole proprietorships – faced with financial distress due to loss of a lease, sustained business slowdown, financing issues, or an unforeseen disaster, by analyzing the relevant circumstances and weighing the potential courses of action. While the session is focused predominantly on filing for bankruptcy relief and using the protections afforded under the Bankruptcy Code, the session also includes a discussion of other key actions by which low-income business owners might salvage or, if necessary, wind down their companies. These include out-of-court workouts, assignments for the benefit of creditors, winding up under state law, and obtaining financing from the Small Business Administration.
Faculty Chairs: Ronit Berkovich, Esq., Abigail Zigman, Esq., Candace Arthur, Esq., and Debra McElligott, Esq., Weil, Gotshal & Manges LLP; Peter Laurinaitis, Managing Director and Mark Buschmann, Managing Director, Blackstone Restructuring Group.