Small Business Bankruptcy Under Subchapter V
Published:
Dec 12, 2023
A traditional Chapter 11 bankruptcy reorganization case can be time-consuming and expensive for small and medium sized businesses. These shortcomings often leave smaller distressed businesses without viable restructuring options. To address this, Congress enacted the Small Business Reorganization Act ("SBRA"), which took effect February 19, 2020. The SBRA added the...
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