FORBES LAW LLC
~ Even lawyers need to take a break and go golfing!
~ Glenn Forbes has registered for the "The Small Business Reorganization Act of 2019: New Chapter 11 Procedures for Small Business Bankruptcies" webinar on Wednesday, May 20, 2020.
The new Small Business Reorganization Act of 2019 (SBRA), signed into law on Aug. 23, 2019 and effective Feb. 19, 2020, represents a substantial change in bankruptcy law and practice for small business debtors. Bankruptcy counsel will need a thorough understanding of the new Subchapter V and the options available to debtors that qualify for small business treatment.
Subchapter V offers a more straightforward and cheaper path to reorganization and does not require a creditors' committee or disclosure statement except by court order for cause. U.S. trustee fees are not incurred. The creditors' ability to block confirmation is significantly weakened.
Critical issues to be covered in the webinar include:
~ What issues in small business reorganizations under Chapter 11 does SBRA attempt to address?
~ How is a "small business debtor" defined under SBRA, and how can it impact the administration of a small business case?
~ What are the features of new Subchapter V that streamline the reorganization process for a small business debtor?
~ What does SBRA say about the absolute priority rule?
In the beginning...July 2016
FORBES LAW LLC is formed!!
Glenn presented "How Bankruptcy Changes The Landscape" at the CMBA Conference Center in downtown Cleveland on September 20, 2016, in association with NBI's "Real Estate Foreclosure: A Step-by-Step Workshop"
Our very own Glenn Forbes joined his son, Glenn Jr., on WTAM this morning for an impromptu appearance to help boost the Coats for Kids campaign!!! How cool is that??
Our office will be closed on Monday, September 4, 2017. Enjoy your Labor Day weekend!!
Wishing everyone a MERRY CHRISTMAS and Happy Holidays!! Glenn and Cecily will be out of
the office until December 27, 2017
~ Great shot of Painesville Square & our local county courthouse, courtesy of John M. Rogers, State Representative
~ Glenn E. Forbes recently attended the 'Discharging IRS & State Taxes in Consumer & Small Business Cases' seminar in San Francisco, CA on May 4, 5, and 6, 2018. The program addressed consumer bankruptcy chapter 7 and chapter 13 cases and was national in scope. It covered IRS income taxes and penalties, as well as trust-fund taxes and related issues, and non-bankruptcy remedies.
~Glenn Forbes and Cecily Renzi participated in a Tax Resolution webinar.
~ Glenn E. Forbes attended the 30th Annual Norton Western Mountains Bankruptcy Law Institute this weekend. This seminar focused on recent developments in the bankruptcy practice area presented by Hon. Randolph Haines, former Bankruptcy Judge for the District of Arizona; Consumer Bankruptcy Law Issues presented by Hon. Keith M. Lundin, former Judge for Middle District of Tennessee and Chapter 11 Bankruptcy Law Issues presented by Hon. Leif Clark, former Bankruptcy Judge for the District of Texas.
~ FORBES LAW is pleased to welcome Hazel Hines as our new Administrative Assistant. Hazel previously
worked for Glenn and his former law partner.
~ Glenn bought the building!!!
~ After Glenn's purchase of the building last month, we began some home improvements such as new carpet, tile, paint, new decor and a much needed new HVAC system. Our clients have told us that the new look makes them very comfortable when they come in!
February & March 2019
February and March were pretty tough this year as Glenn suffered a heart attack that required surgery. Cecily and Hazel worked together to keep the office running as smooth as possible with the help of Jason Carter, Esq. to handle any advice we needed and cooperation from area courts. Glenn's surgery was rescheduled several times in February, but eventually was performed on February 28, 2019. After some complications and a delayed recovery period, the doctors cleared him to come back to the office in mid-April.
~ FORBES LAW tried to spoil Hazel on Administrative Professionals Day!!
~ Glenn is back in the office!!
~ Hazel and Cecily showing support for Autism
~ FORBES LAW is pleased to welcome our new office assistant, Heather Rogers, to our team!
~ Glenn celebrates 40 years of practicing law!
~ FORBES LAW is pleased to welcome attorney Adrienne Foster to our team!
~ Adrienne Foster assisted the Lake County Common Pleas Court in December by participating in Settlement Week, a week set aside by the Court to attempt to settle various lawsuits.
Forbes Law provided a fun, delicious Christmas lunch at Quail Hollow Country Club!
New Year's Eve!!
~ Adrienne Foster participated in the Lake County Court of Common Pleas Mock Trial in January.
~ Adrienne Foster attended a 'brown bag lunch' seminar hosted by the Chapter 13 Trustee's office in downtown Cleveland. The scope of the seminar was to reiterate changes and new rules in the processing of Chapter 13 cases.
~ As times and the needs of our clients change, every few years it becomes necessary to update the way we manage and process data. The staff at FORBES LAW attended various training sessions in February to implement our new practice management cloud software.
~ In the midst of the COVID-19 scare, we at FORBES LAW LLC are taking extra precautions to safeguard our staff and clients to keep everyone healthy. We are encouraging our clients to conduct business via telephone, fax or email in an attempt to ensure safety and limit the possible spread of the COVID-19 virus. Therefore, effective March 16, 2020, our office will be temporarily closed to the public. The majority of our staff will be working remotely from home, meaning that staff will not be physically present in the office more than 2 or 3 days a week. However, someone will always be here. We are encouraging all of our clients to schedule appointments by phone or Skype for the foreseeable future. For your convenience, you can utilize the following procedures in order to reduce any delays regarding your particular matter:
~ Pay bills via U.S. Mail, online, or utilize the mail slot in the front door of our office
~ Provide forms, documents or other information by utilizing the mail slot in the front door of our office, or fax or email to your direct contact.
~ Obtain forms and information via fax or email
~ Call or e-mail for answers to general questions and inquires or to schedule CRITICAL appointments
~ A view of the outside of the Lake County Common Pleas Court in Painesville March 13. The judges issued an order regarding the novel coronavirus situation, which includes the postponement of jury trials until April 13.
~ Cecily Renzi participated in a webinar entitled "Innovate Legal Practice Area Series: Bankruptcy Law, " sponsored by Clio - Cloud-based Legal Technology. The panelists were Janine Sickmeyer, Founder and Managing Director of NextChapter, Tara Gaschler Salinas, Managing Attorney at Salinas Law Group LLC and Jenny L. Doling, Founder of J. Doling Law, PC. They shared advice on how to navigate the unique challenges and rapidly-changing Bankruptcy Law landscape in the COVID-19 era.
~ Glenn Forbes is participating in a two-day intensive program on SBRA, focusing on how best to represent small business debtors under SBRA, on May 21 and May 22, 2020. The Small Business Reorganization Act (SBRA) went into effect on February 19, 2020. SBRA is a new addition to the U.S. Bankruptcy Code and fills a much-needed gap for debtors caught between Chapter 11 and Chapter 13. SBRA is designed for a small business debtors engaged in commercial or business activity with a current debt limit of $2,725,625. SBRA reduces many of the harsh deadlines and stresses put on small businesses who filed under Chapter 11. The program is sponsored by the NACBA.
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