Bruce J. Wisotsky, a Member of law firm Norris McLaughlin, P.A., will present the free webinar, “The Financial Impact of COVID-19: Bankruptcy 101,” at noon on Friday, May 29, for the New Jersey Medical Group Management Association and eight other state Medical Group Management Associations.
“COVID-19 has brought on significant financial hardships to small businesses, including medical practices. In the face of a practice’s substantially reduced income and mounting debt, it’s helpful to be educated on avenues of business preservation,” said Wisotsky.
For more topics related to the coronavirus, visit the firm’s Coronavirus (COVID-19) Preparedness Resource Center or its Coronavirus Thought Leadership Connection.
Ros and Wisotsky will discuss the different bankruptcy chapters available to businesses, the recently enacted Small Business Reorganization Act, and the impact of the CARES Act on the ability to obtain bankruptcy relief, with an emphasis on the availability of those laws on medical and other professional practices. They will also answer participants’ questions. For more information about the NJMGMA, visit njmgma.com.
Wisotsky, a member of the Bankruptcy & Creditors’ Rights Law Practice Group, represents debtors, creditors’ committees, equity committees, trustees, landlords, secured and unsecured creditors in Chapter 11 and 7 bankruptcy proceedings. He has litigated a wide variety of bankruptcy and commercial issues during his career inclusive of contract and lien validity disputes, actions to recover preferential transfers, fraudulent conveyance claims, and non-dischargeability of debt actions.
Wisotsky has also lectured on various bankruptcy issues before the New Jersey Institute for Continuing Legal Education, Turnaround Management Association, and the Essex County Bar Association. He has addressed topics including prosecution and defense of preference actions; treatment of tax claims in bankruptcy proceedings; and retention bonus issues. Wisotsky is a member of the New Jersey Regional Advisory Board of the Anti-Defamation League, the American Bankruptcy Institute, and the Turnaround Management Association. He is also on the United States Bankruptcy Court's approved list of mediators.
Wisotsky received his J.D. in 1978 from Temple University School of Law and his B.A., magna cum laude, in 1975 from Temple University.