Client AlertsCommercial & Public FinanceLenders Take Notice – A New Bankruptcy Subchapter Goes Into Effect February 19, 2020 – Increased Filings Expected
The Small Business Reorganization Act (SBRA) goes into effect on February 19, 2020. The SBRA creates a new Subchapter V to Chapter 11, expanding access to bankruptcy relief for small businesses. With a debt ceiling of approximately $2.75 million, small business owners can take advantage of the new subchapter’s streamlined procedures and powerful tools to...