Optimizing the Outcome of a Chapter 7 Bankruptcy Case

(378 Ratings)

Produced on: February 08, 2017

Course Format On Demand Audio

Taught by

Categories:

Course Description

Time 60 minutes
Difficulty Intermediate

Chapter 7 bankruptcy cases provide for the liquidation of a debtor’s assets in a process that is controlled by a Chapter 7 Trustee. There are more Chapter 7 bankruptcy cases filed each year than cases filed under Chapters 11, 12 and 13 combined. In 2015, there were twice as many business Chapter 7 cases than business Chapter 11 cases. Chapter 7 business bankruptcy cases present unique challenges and opportunities for the debtor’s secured and unsecured creditors, including landlords, tenants and employees, the debtor’s officers, directors and owners, and those interested in acquiring the debtor’s assets.

This course explains the Chapter 7 process and the role played by the Chapter 7 trustee, identifies the benefits and risks of the process, and provides strategies to optimize client outcomes, whether you represent the debtor, a creditor, or a potential purchaser of assets from a Chapter 7 estate. Many of these topics are equally applicable in consumer and business bankruptcy cases.

This course is presented by Jil Mazer-Marino, a partner in Meyer, Suozzi, English & Klein, P.C.’s bankruptcy department and a Chapter 7 Trustee for the Southern District of New York.


Learning Objectives: 

  1. Understand the responsibilities and motivations of the Chapter 7 Trustee and the roles played by the debtor, its management, creditors, the bankruptcy court and the Office of the United States Trustee
  2. Learn steps to maximize the effectiveness of the bankruptcy process for the commercial Chapter 7 debtor
  3. Identify strategies to maximize recoveries for unsecured and secured creditors
  4. Maximize opportunities for purchasers of assets from the Chapter 7 Trustee

Faculty

Jil Mazer-Marino

Meyer, Suozzi English & Klein, P.C.

Jil Mazer-Marino was named a Member of Meyer, Suozzi, English & Klein, P.C. in 2011 having joined the firm as Of Counsel to the firm’s Bankruptcy & Business Reorganization and Corporate Finance law practice in 2008.  In addition to serving as a chapter 7 panel trustee for the Southern District of New York, Ms. Mazer-Marino practices in the area of bankruptcy and creditors’ rights and has extensive experience representing debtors, creditors’ committees, and secured and unsecured creditors in large and complex chapter 11 bankruptcy cases.

She has represented chapter 7 and chapter 11 trustees, chapter 11 debtors in possession, and plan administrators in all aspects of bankruptcy case administration. Also, Ms. Mazer-Marino represents banks, indenture trustees, factors and other lenders in connection with debtor in possession financing, out of court debt restructuring, and debt collection.

Notable Experience Includes:

  • Chapter 7 trustee for Tavern on the Green
  • Chapter 7 Trustee for National Sports Museum


Ms. Mazer-Marino has lectured on creditors’ rights and bankruptcy topics for the New York State Bar Association, Practicing Law Institute, the Association of Corporate Counsel, Greater New York Chapter, the Long Island Business Resource Association and the New York Institute of Credit. From 2013-2016, Ms. Mazer-Marino was recognized as a New York Super Lawyer.

Prior to joining Meyer, Suozzi, Ms. Mazer-Marino was a partner at the bankruptcy boutique firm of Rosen Slome Marder, LLP.  From 1990 through 1991, Ms. Mazer-Marino served as a law clerk to Hon. Conrad B. Duberstein, former Chief United States Bankruptcy Judge for the Eastern District of New York, after which she practiced in the business reorganization and restructuring department of Willkie Farr & Gallagher LLP in New York City.


Reviews

CC
Camille C.

I thought Ms. Mazur-Marino presented the material very well.

BL
Brian L.

excellent presentation

JS
Jay S.

Best CLE I've done on Lawline. Speaker seemed very experienced and knowledgeable.

TW
TAMMY W.

Very helpful to a non-bankruptcy practicing attorney!

JS
jay s.

As an experienced bankruptcy attorney, I appreciate this course, because of the thorough and comprehensive presentation. Please continue to hire bankruptcy trustees or attorneys from top firms with bankruptcy departments. I see the difference between different presenters and would highly recommend this program and presenter.

JB
Julie A. B.

Interesting commentator. Enjoyed the course and took away solid tips.

MB
Melissa B.

Good presentation

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