Sub-Chapter 5 Bankruptcy – Top 10 Key Benefits
On February 19, 2020, Congress enacted the Small Business Reorganization Act of 2019 (“SBRA”), also known as a Sub-Chapter 5 Bankruptcy, to help small businesses through the bankruptcy restructuring process. The intent of the Sub-Chapter 5 Bankruptcy is to provide small businesses with a faster and less expensive option for reorganizing under Chapter 11. For many …
