09/21/2020
For years, small business debtors struggled to reorganize effectively after filing for Chapter 11 Bankruptcy. However, the signing into law of the Small Business Reorganization Act of 2019 (SBRA) aims to address some of these issues. SBRA will strike a balance between chapters 7 and 11 bankruptcies for small-business debtors. As such, it will make small business bankruptcy processes faster and less expensive.
The signing into law of the Small Business Reorganization Act of 2019 (SBRA) aims to address issues businesses face after filing for Chapter 11. The SBRA helps businesses reorganize effectively.