The Small Business Reorganization Act: A New Bankruptcy Law for Small Businesses

The advantages of Chapter 11 bankruptcy are oftentimes unavailable to small businesses and its owners. The substantial disclosure and reporting requirements alone scare off many potential debtors. In response to this problem, Congress recently created the Small Business Reorganization Act of 2019.

5 minute read January 01, 2020 at 12:03 AM
By
Zach Shelomith
The Small Business Reorganization Act: A New Bankruptcy Law for Small Businesses

A Chapter 11 bankruptcy is not an easy process. While it can provide breathing room to negotiate with creditors and allow businesses a chance to continue operating, it is expensive, complicated and typically favors larger companies.

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