- videocam On-Demand
- card_travel Bankruptcy
- schedule 90 minutes
Bankruptcy Code Changes Under the 2021 Consolidated Appropriations Act and Bankruptcy Relief Extension Act
Rent Holidays, Preferences, Cure Obligations, Bifurcated Standards, Administrative Expenses, Mortgages, and More
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Description
On Dec. 27, 2020, the Act was signed into law. The Act amends Bankruptcy Code provisions governing post-petition financing, a debtor's obligations related to performance and assumption of leases of non-residential real property, property of the estate, preference actions, and more.
None of these amendments is siloed. Each one affects more than just the specific provision in question, and wise bankruptcy practitioners know to constantly be alert for unforeseen ramifications that may not have occurred to the law's drafters. Counsel must also understand that deferrals and delays do not make obligations disappear
The amendments are also notable for failing to extend the March 27, 2021 expiration date for the increased debt limit (from $2.725MM to $7.5MM) for small business debtors seeking to reorganize under subchapter V.
Listen as this experienced panel explores the amendments, their expiration dates, and opportunities and challenges for different stakeholder groups, as well as what questions each should be asking about how the law will work.
Presented By

Mr. Akuffo’s practice focuses on a variety of corporate restructuring matters, including representation of debtors, creditors and other parties in interest and financial restructuring advice.

Mr. Fitzmaurice's practice focuses on representing lenders and other creditors in workouts, restructurings, litigation and bankruptcy matters. He regularly represents clients in fraudulent transfer and other types of avoidance litigation. Mr. Fitzmaurice is also frequently involved in advising creditors in foreclosure and other types of enforcement actions involving real estate and UCC collateral.
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This 90-minute webinar is eligible in most states for 1.5 CLE credits.
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Live Online
On Demand
Date + Time
- event
Wednesday, April 7, 2021
- schedule
1:00 p.m. ET./10:00 a.m. PT
Outline
- Provisions modified
- Section 364
- Section 365
- Section 366
- Section 525
- Section 541
- Section 547
- Effects on landlords and tenants, licensors and licensees
- Impact on mortgage servicers
- Effect on loan reporting
- Priority issues
- Best strategies for debtors and creditors
Benefits
The panel will review these and other significant issues:
- How can debtor tenants take advantage of the additional time limits to assume leases?
- How do the amendments impact existing case law on the availability of rent deferrals under section 365?
- Do the amendments impact a landlord’s entitlement to adequate protection from the beginning of the case?
- How will cure obligations be addressed?
- Will the amendments impact priority disputes in non-consensual Subchapter V cases?
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