On May 10th, Kimberly Kamar and Doug Schwartz will discuss the Corporate Transparency Act during the Trustee Connect Webinar hosted by the National Association of Bankruptcy Trustees.

The Corporate Transparency Act is a radical addition to the federal reporting scheme that requires corporate entities operating in the U.S. to file their “beneficial ownership” information with the Financial Crimes Enforcement Network. As the CTA reporting scheme is in its infancy, many of the kinks have not been worked out – including its maddeningly-vague applicability to bankruptcy trustees. Doug, Kimberly and their fellow presenters will walk through the basics of filing requirements under the CTA, how trustees will potentially need to make impactful judgment calls in all bankruptcy estates that include corporate entities and current litigation challenges faced.