Small Business

Subchapter V Provides Debt Relief for Small Businesses
Gallery

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 [...]

Karina Lucid2021-08-24T11:11:40+00:00Bankruptcy in NJ, Chapter 11 bankruptcy|

SBRA – Helping Individuals with Business Debt
Gallery

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 [...]

Lucid Law2021-02-18T23:06:02+00:00Chapter 11, Chapter 11 bankruptcy|