Small Business Reorganization Act of 2019 (SBRA) is Effective
The Small Business Reorganization Act of 2019 (“SBRA“) is in effect as of yesterday, February 19, 2020. The SBRA was enacted to provide smaller business debtors with a more streamlined path to restructuring their debts. Below are some highlights of the new law. Absolute-Priority Rule The SBRA exists today, in large part, because small businesses […]
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