News & Analysis as of

Commercial Bankruptcy Bankruptcy Reform Small Business Reorganization Act of 2019 (SBRA)

Patterson Belknap Webb & Tyler LLP

Popularity of Subchapter V Bankruptcy Filings

In 2019, Congress enacted the Small Business Reorganization Act, which created subchapter V within chapter 11 of the Bankruptcy Code. Congress’ intent was to create a more cost-efficient and streamlined restructuring process...more

Hinshaw & Culbertson - Consumer Crossroads

Exploring the Expansion of the Bankruptcy Code under the CARES Act

The Coronavirus Aid, Relief, and Economic Security Act, also known as the CARES Act, provides widespread economic relief for individuals and businesses adversely affected by the coronavirus outbreak and includes several key...more

Rumberger | Kirk

Small Business Bankruptcy Reforms You Need to Know

Rumberger | Kirk on

For many years, people associated with the bankruptcy system in the United States recognized the process didn’t work well for small business owners. Corporate reorganizations through the Chapter 11 process were cumbersome and...more

Harris Beach PLLC

Revisions to Bankruptcy Code Spell Good News for Creditors

Harris Beach PLLC on

It is bad enough when a customer or borrower files for bankruptcy and you have to write off the debt, but things can get worse when you are then faced with a lawsuit to recover payments made within the 90 days prior to the...more

Lowndes

Major Change for Bankruptcy Preference Defendants Tucked into New Small Business Chapter 11 Law

Lowndes on

On August 23, 2019, the President signed the “Small Business Reorganization Act,” which changed the Bankruptcy Code and goes into effect on February 19, 2020....more

Carlton Fields

Big Changes for Small Business Bankruptcies

Carlton Fields on

The Small Business Reorganization Act of 2019 (SBRA) was signed into law in August 2019 and will go into effect on February 19, 2020. The goal of the SBRA is to make small business bankruptcies faster and less expensive....more

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