Life Cycles of a Chapter 13, Chapter 11, and Subchapter V
Presented by Kelly M. Barnhart
An overview of the chapter 13 case process• The master class will cover the stages of bankruptcy from pre-bankruptcy preparation to the closing of the case, highlighting similarities and differences between the chapters
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Life Cycles of a Chapter 13, Chapter 11, and Subchapter V
Kelly Barnhart, a Chapter 13 trustee, discusses the life cycles of Chapter 11, Subchapter 5, and Chapter 13 bankruptcy cases. She outlines the stages from pre-bankruptcy preparation to case closing, emphasizing the importance of client consultation, eligibility requirements, and engagement letters. Key steps include preparing bankruptcy documents, filing motions, and ensuring compliance with debtor education and credit counseling. Barnhart highlights differences in eligibility, costs, and confirmation processes, noting that Subchapter 5 is quicker and cheaper, while Chapter 13 has a 3-5 year plan duration. She advises practitioners to seek guidance from experienced colleagues and trustees.
Duration:
30 minutes 39 seconds
Bio :
Kelly M. Barnhart is a chapter 12 and 13 trustee for the Newport News and Norfolk, Va., Divisions for the Eastern District of Virgnia. She previously was an attorney with Roussos & Barnhardt, P.L.C. in Norfolk, Va., having joined the firm in November 2008. She focused her practice on bankruptcy and debt-restructuring, and mainly represented small businesses and their owners, as well as select creditors and trustees in chapter 7, 11 and 13 cases. She also is counsel for R. Clinton Stackhouse, Jr., the standing chapter 12 and 13 trustee for the Norfolk and Newport News Divisions of the Eastern District of Virginia. Ms. Barnhart is a former co-chair of the Board of Governors of the Bankruptcy Section of the Virginia State Bar, as well as the Bankruptcy Section of the Virginia Bar Association. In addition, she is a past member of the Bankruptcy Bar Liaison Committee for the Norfolk and Newport News Divisions of the Eastern District of Virginia. Ms. Barnhart is admitted to practice in the U.S. Bankruptcy Courts for the Eastern and Western Districts of Virginia, the U.S. District Courts for the Eastern and Western Districts of Virginia, and in all courts in the Commonwealth of Virginia. She has been selected as a “Rising Star” and a Super Lawyer, and she was listed as a member of Virginia’s “Legal Elite” (Bankruptcy/Creditors’ Rights) for 2015 and 2016. Ms. Barnhart received her B.A. in history and political science in 1998 from Randolph-Macon Woman’s College and her J.D. in 2002 from the University of Mississippi School of Law; she spent her last year of law school as a visiting student at the University of Notre Dame School of Law.
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