Government,
Bankruptcy
Sep. 4, 2019
Bankruptcy Code changes offer relief to (very) small businesses
On Aug. 23, President Donald Trump signed the Small Business Reorganization Act of 2019 (SBRA), which, starting in February 2020, adds a new subchapter to Chapter 11 of the Bankruptcy Codes for small business debtors.
Robert S. Marticello
Founding Partner
Smiley Wang Ekvall, LLP
Robert concentrates on business bankruptcy matters and related litigation and represents virtually all parties in chapter 11 bankruptcy cases and out-of-court restructurings, i.e., debtors, committees, secured and unsecured creditors, equity holders, trustees, asset purchasers, and others.
Small businesses in financial need now have a quicker and less costly path to reorganization.
On Aug. 23, President Donald Trump signed the Small Business Reorganization Act of 2019 (SBRA), which, starting in February 2020, adds a new subchapter to Chapter 11 of the Bankruptcy Codes for small business debtors.
Chapter 11 of the Bankruptcy Code enables companies to continue operations and reorganiz...
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