The Barley Boys

Main Menu

  • Home
  • Music Album
  • Singer Music
  • Music Artist
  • Musical Group
  • Explore
    • Music Industry

logo

The Barley Boys

  • Home
  • Music Album
  • Singer Music
  • Music Artist
  • Musical Group
  • Explore
    • Music Industry
Music Industry
Home›Music Industry›Lance Martin speaks at National Association of Bankruptcy Trustees Conference

Lance Martin speaks at National Association of Bankruptcy Trustees Conference

By Kimberly L. Ferguson
June 16, 2022
0
0
Share:
June 16, 2022

Creditor rights lawyer Lance Martin recently attended the National Association of Bankruptcy Trustees conference in Vancouver, British Columbia, where he spoke about the issues associated with individual debtor cases under subchapter v. National Association of Bankruptcy Trustees

Lance is a United States Bankruptcy Court Subchapter V Trustee for the Western District of North Carolina. Subchapter V of Chapter 11 of the Bankruptcy Code, which came into effect in February 2020, creates a more streamlined and less costly route to Chapter 11 reorganization for small business debtors. In addition to businesses, the law allows eligible individuals to avail themselves of its provisions. But the young law has led to a slew of conflicting opinions on filing eligibility, confirmable plans of reorganization, and the role of the Subchapter V trustee in facilitating a consensual plan of reorganization between the debtor and its creditors.

Despite mounting difficulties, Subchapter V has proven popular, with more than 3,400 cases filed since it came into effect (83 in North Carolina). The American Bankruptcy Institute reported that Subchapter V cases experience higher plan confirmation rates, faster plan confirmation, more consensual plans, and improved cost savings than if these cases had been cleared in as a traditional Chapter 11.

Related posts:

  1. Elvis Presley’s streaming channel is coming
  2. Houston native Bill Bentley pays tribute to great Texas musician Roky Erickson with new tribute album
  3. ICE – Manager Licensing Administration (m / f / d) (DE)
  4. Convergent Divergence: When bankruptcy and the family courts collide
Previous Article

Rina Sawayama breaks the mold as a ...

Next Article

30 tragic deaths of music legends

0
Shares
  • 0
  • +
  • 0
  • 0
  • 0
  • 0

Related articles More from author

  • Music Industry

    How David Ellison made Skydance part of Hollywood’s smart bet

    June 24, 2021
    By Kimberly L. Ferguson
  • Music Industry

    Colorado bankruptcies drop 40% in April – Loveland Reporter-Herald

    May 16, 2022
    By Kimberly L. Ferguson
  • Music Industry

    U.S. leveraged loan defaults hit two-year high after $4.5 billion in deposits in August

    September 4, 2022
    By Kimberly L. Ferguson
  • Music Industry

    “8 more years before Allen Iverson can access his $32 million!” : How Reebok created a trust fund for ...

    March 27, 2022
    By Kimberly L. Ferguson
  • Music Industry

    Bankruptcies plummet as Pennsylvania households benefit from COVID-19 relief and pandemic-related savings

    February 22, 2022
    By Kimberly L. Ferguson
  • Music Industry

    Charting New (and Familiar) Territory: The Bankruptcy of Voyager Crypto | Mintz – Views on Bankruptcy and Restructuring

    July 20, 2022
    By Kimberly L. Ferguson

  • Musical Group

    Reviews | Fisk Jubilee Singers Celebrate 150 Years of Song and Spirituals

  • Singer Music

    Harwinton writer’s poem to be set to music

  • Music Album

    Sony/BMG’s number one songwriter releases new album