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Small Business Reorganization Act of 2019 – Becomes Law (SBRA; H.R. 3311)

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New Subchapter V has been added to Chapter 11 Bankruptcy Code. – Takes Effect 2020.

Benefits: Small Business and Entrepreneurs

  • Better Path for small businesses to restructure
  • Reduce liquidations
  • Save Jobs
  • Increase $ recovered for creditors
  • Recognize the value that America has for the entrepreneurs.

Should streamline the bankruptcy process and allow businesses to recover from bankruptcy within months to keep American businesses growing.

Would be glad to meet with you and see if Chapter 11 works for you.