In February, the Small Business Debt Reorganization Act went into effect, substantially modifying the provisions, procedures, and rights of debtors and creditors in small business bankruptcy reorganization cases. This new law amends Chapter 11 of the US Bankruptcy Code by creating Subchapter V, an alternative...
Updated April 8, 2020 The Coronavirus Aid, Relief, and Economic Stability Act (“CARES Act”) recently created the Paycheck Protection Program (“PPP”), a $349 billion loan initiative designed to provide small businesses another avenue of financial support during the COVID19 crisis. To be eligible for the program,...
The American Bankruptcy Institute in a featured post titled "Judge Kahn Finds No Constitution Infirmities in Applying the SBRA Retroactively" wrote about the bankruptcy court's decision affirming our client's ability to redesignate their already filed case to one under new Subchapter V of the Bankruptcy...