The Small Business Reorganization Act: How It Started. How it's Going. Where to Next?

This article provides a brief overview of the SBRA and these first several months of its use — especially in light of the COVID-19 pandemic — concluding that in 2021, Congress should permanently adopt the CARES Act's expanded definition of a "small business debtor" as including businesses with up to $7.5 million in aggregate non-contingent liquidated debts.

9 minute readFebruary 01, 2021 at 02:07 AM
By
Jack O'Connor
The Small Business Reorganization Act: How It Started. How it's Going. Where to Next?

The Small Business Reorganization Act of 2019 (SBRA), which took effect earlier this year, added a new Subchapter V to Chapter 11 of the Bankruptcy Code, intended to make Chapter

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