California

Your consumer client’s problems may go beyond traditional insolvency issues. This panel will discuss ethical and legal strategies to protect your client’s interests.

In this session, an FBI agent, a U.S. attorney, an Assistant U.S. Trustee and a bankruptcy trustee will discuss the who, what, when and why of bankruptcy crimes, including the relationship between a criminal prosecution and a contemporaneous bankruptcy case or cases involving the criminal defendants, either as principals of the debtor or the debtors themselves.

Receiverships under state law have become an increasingly popular and meaningful alternative to bankruptcy, specifically when there are events of fraud, misappropriations of assets and related regulatory-body involvement. This panel will examine the basics of such receiverships and, given the current state of federal law (which excludes cannabis-related businesses from bankruptcy), will use the cannabis industry as an example to discuss the details, benefits and potential pitfalls of state court receiverships for highly regulated businesses.