The Corona Virus has brought a financial tsunami the likes of which we have never seen. At this juncture in time, millions of small businesses and professionals find themselves struggling not only to have enough cash to survive the shutdowns and loss of revenues caused by the virus but also to have the resources and advice they need to know how to proceed to do their best to survive. Bankruptcy lawyers are already very busy and not always well versed in what strategies can be used to help a business survive and avoid having to file in Bankruptcy court. 
 
The following topics will be covered:

• State and federal laws concerning the insolvency of operating entities, and the fiduciary duty of officers and directors to protect creditors and their rights. 


• The law of preferential transfers, and what transactions can be safely engaged in between owners and other "insiders" and an insolvent or possibly insolvent entity. 


• How to make the best use of a "friendly creditor" and other strategies that may help keep more aggressive creditors at bay. 


• Strategies for preserving cash and negotiating with creditors, including Assignments for the Benefit of Creditors.  


• Special rules that apply to leases and long term employment agreements in bankruptcy. 


• Corporate and individual bankruptcy rules and mistakes that can cause criminal liability and loss of the right to discharge indebtedness. 


• Ethical and attorney-client privilege issues and how to handle them. 


• Playing the "Florida card" and why. 


• And more

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CPAacademy.org (Sponsor Id#: 111889) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

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