This session provided a look back at significant bankruptcy developments during 2021 and a preview of what to expect in 2022, including the impacts of moving more business to ecommerce/online. Notwithstanding the continued impact of COVID, the bankruptcy community saw the lowest level of commercial filings in over a decade. However, early indicators are that 2022 will see bankruptcy filings rise again. In addition, the seminar also provided an analysis of key legal developments impacting CRF members, including:
  • The complexity of moving online and dealing with default

  • Status of legislative provisions impacting creditors’ rights and recoveries

  • New proposed legislation that could impact the bankruptcy process, including with respect to venue reform

  • Key court decisions affecting value that may be available for creditors, including with respect to third party releases, voting rights, and contract enforcement rights

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