Inside Bankruptcy Law: Insights and Conversations with Mark Forsythe – Episode 8 Part 1

SHOW NOTES and TIMESTAMPS

In the 8th B2B Synergy episode of the Power Partners USA Podcast, host Alan Armijo interviews Mark Forsythe, Partner at Goe, Forsythe and Hodges, LLP, focusing on bankruptcy law. Forsythe explains the misconceptions around bankruptcy, clarifying the differences between Chapter 7, Chapter 11, and Chapter 13 bankruptcies, and introduces the new streamlined Subchapter 5 for small businesses. He discusses his legal services, emphasizing the importance of early consultation to explore all possible solutions, including negotiating with creditors to avoid bankruptcy. Forsythe also covers his approach to representing all sides in bankruptcy cases, the impact of bankruptcy on credit and recovery, and the importance of strategic bankruptcies for businesses facing unique challenges. Furthermore, he highlights his network of Power Partners, such as CPAs and real estate professionals, who play a crucial role in navigating bankruptcy proceedings. Lastly, Forsythe shares insights into the evolving bankruptcy landscape and the benefits of Subchapter 5 for small business reorganization.

BANKRUPTCY ATTORNEY
Marc C. Forsythe  |  Goe, Forsythe & Hodges LLP
Power Partners: Business Attorneys, CPA’s, Real Estate Professionals
Member Since February 2024

•  Marc's Account Page and Contact Information: https://www.powerpartners.us/marc-c-forsythe.html

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·        Power Partners USA website - www.PowerPartners.us

·        Power Partner Members - "Explained Here" - www.PowerPartnersUSA.net (short Q&A Video and Podcasts)

·        Graphics by Debra Armijo - www.iTrustMarketing.biz

·        Music by Joan Jones - www.clubjoan.com

 Have a question for Power Partners USA or any of its members? Call, write or text Alan Armijo - info@powerpartners.us 562-843-7801

• Power Partners USA website - www.PowerPartners.us
• Power Partner Members - "Explained Here" - www.PowerPartnersUSA.net (short Q&A Video and Podcasts)

• Graphics by Debra Armijo - www.iTrustMarketing.biz
• Music by Joan Jones - www.clubjoan.com

Have a question for Power Partners USA or any of its members? Call, write or text Alan Armijo - info@powerpartners.us 562-843-7801

Chapters

• 0:00 Alan’s Introduction to the B2B Synergy Podcast and Bankruptcy Law
• 1:20 Meet Mark Forsyth: Exploring Bankruptcy Basics
• 2:31 Understanding Bankruptcy: Types and Misconceptions
• 5:46 Comprehensive Legal Services in Bankruptcy
• 7:41 Strategic Uses of Bankruptcy for Businesses
• 10:22 The Impact of Bankruptcy on Business Owners and Creditors
• 11:44 Marc’s Specialization and Litigation in Bankruptcy Law
• 12:47 Marc’s Unique Advantage of a CPA-Turned-Bankruptcy Attorney
• 15:59 Client Makeup and the Domino Effect in Bankruptcy
• 19:19 The Evolution of Bankruptcy Law and Subchapter V
• 21:28 Building B2B Relationships: Power Partners in Bankruptcy Law
• 25:46 The Emotional and Practical Aspects of Bankruptcy