Small Business

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Subchapter V Provides Debt Relief for Small Businesses

I previously wrote about the Small Business Reorganization Act of 2019, also known as SBRA.  Subchapter V, as the SBRA has become known, was created to help small business deal with financial distress by streamlining the process. Also, it make Chapter 11 more economical and less complex so that it is more accessible for individuals with high dollar amounts of [...]

SBRA – Helping Individuals with Business Debt

What is the SBRA? It is the Small Business Reorganization Act of 2019 which was recently signed into law by President Trump. The law passed in August 2019. It will take effect on February 22, 2020. SBRA creates a new subchapter in the United States Code related to Chapter 11 bankruptcy. As a result, small business owners will have more [...]

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