April 2021
Feature Article
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Subchapter V’s First Year in Review
The Small Business Reorganization Act of 2019 (SBRA) became effective on February 19, 2020, bringing with it a new reorganization tool for small business debtors: Subchapter V of the U.S. Bankruptcy Code. Subchapter V streamlines the Chapter 11 bankruptcy process for small business debtors, providing an alternative to the more time-consuming and costly reorganization of […]
More from this Issue
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Subchapter V’s Impact on Small Business Reorganization
A little over one year ago, just as the country was heading into a period of unprecedented turbulence caused by the COVID-19 pandemic, the Small Business Reorganization Act (SBRA) went into effect on February 19, 2020. Before SBRA, struggling businesses considering bankruptcy had two options: Chapter 7 or Chapter 11. SBRA provides an additional option to businesses […] -
From Crisis to Clarity
Crisis brings clarity, and that clarity has defined the road for TMA in 2021. Learning from the IMPACT 2020 conference experience, we moved from IMPACT to INNOVATION at the Distressed Investing Conference, and the clarity we brought to this experience set the table for TMA professionals for the opportunities that await us all in 2021. […] -
The Year’s Off to a Great Start—with More to Come
With the 2021 TMA Distressed Investing Conference now concluded, I would be remiss if I didn’t start off this month’s column by thanking the people who made it such a valuable experience. First, thank you to our TMA DIC attendees—550 of you! You engaged, connected, and brought energy throughout the three-day virtual event. We all […] -
Subchapter V’s First Year in Review
The Small Business Reorganization Act of 2019 (SBRA) became effective on February 19, 2020, bringing with it a new reorganization tool for small business debtors: Subchapter V of the U.S. Bankruptcy Code. Subchapter V streamlines the Chapter 11 bankruptcy process for small business debtors, providing an alternative to the more time-consuming and costly reorganization of […] -
The Role of the Trustee in Subchapter V Cases
The addition of Subchapter V to Chapter 11 of the U.S. Bankruptcy Code is an important innovation that introduces significant cost savings, allowing small business debtors an opportunity to reorganize. Most notably, Subchapter V transforms the role of the trustee from one of prosecutor to that of mediator, requiring the trustee to work hand-in-hand with […] -
What Turnaround Professionals Need to Know About Subchapter V
As most turnaround professionals know, federal legislation in response to the coronavirus pandemic created a limited window for more businesses to qualify for what is intended to be a faster, less costly, and simpler route through bankruptcy. This route exists through the Small Business Reorganization Act, which created a new subchapter of the Bankruptcy Code, Subchapter […] -
Bankruptcy Courts Appear ‘Good Faith Debtor’ Friendly in Subchapter V Cases
Pursuant to the Small Business Reorganization Act of 2019 (SBRA), which became effective on February 19, 2020, Chapter 11 of the U.S. Bankruptcy Code was amended to include new Subchapter V. Through newly added Bankruptcy Code Sections 1181-1195, “small business debtors” should be able to reorganize their financial affairs in a more efficient and cost-effective manner while also […] -
Subchapter V, ABCs Are Key Tools for Troubled SMBs
As economic calamities in the U.S. dominate the headlines, and the media focus relentlessly on the supposed demise of the retail, hospitality, and other industries, businesses of all sizes are forced to contemplate their futures. In particular, small and medium-size businesses (SMBs), as well as the lenders, vendors, and others that conduct business with them, […] -
A Man of Good Humor: John A. Magee, CTP
Q: How did you gravitate into turnaround/restructuring work? Magee: It certainly wasn’t something I thought about coming out of the business school at the University of Virginia in 1983. I wanted to be a city office banker in Baltimore, Richmond, Charlotte, or Atlanta. First Union offered me a job in Charlotte, so I went to work […] -
Milestones
Akash Amin has been promoted to director at MorrisAnderson. He joined the firm in 2018 as an associate director, working out of the Chicago office, and works closely with the firm’s senior team members to provide financial and operational analysis, business valuations, transaction services, interim management services, and cash flow and budget projections to inform […] -
Newcomers: April 2021
Arizona Scott D. Hoek Sr., SAM Auctions Daria Lysenko, Mr. Language Tetiana Perederii Elizabeth A. Buckley, McGuireWoods LLP Atlanta Lee Hiles, CR3 Partners Hampton A. Kicklighter, FTI Consulting Norene Mostkoff, MACCO Restructuring Group Scott K. Schwartz, Bullseye Auction & Appraisal LLC David Walker, GGG Partners LLC Patrick Wu, Greenberg Traurig LLP California – Northern Kortney Bauer, AlixPartners […]
Snapshot Article
Upcoming
2024 TMA Annual Conference
October 15 – 18, 2024
Loews Philadelphia
Philadelphia, PA