Addition to Ch.11 Bankruptcy Code – Small Business Reorganization Act (SBRA) – The National Law Review

Tuesday, April 23, 2019 Last month, Congress reintroduced theSmall Business Reorganization Act (SBRA), under which a new subchapter V would be added to chapter 11 of the United States Bankruptcy Code. This new subchapter would provide small businesses with aggregate liabilities that do not exceed $2,566,050 with an opportunity to resolve outstanding liabilities through a…