Photo: create jobs 51 / Shutterstock 'Small Business' Bankruptcies: What You Need to Know about Subchapter V of Chapter 11
The Small Business Reorganization Act of 2019 created a new subchapter within Chapter 11 of the Bankruptcy Code—Subchapter V. This article provides an overview of Subchapter V provisions of which creditors should be aware.
January 27, 2022 at 02:00 PM
11 minute read
Bankruptcy
The Small Business Reorganization Act of 2019 (SBRA), which became effective in February 2020, created a new subchapter within Chapter 11 of the Bankruptcy Code—Subchapter V, bringing with it sweeping changes to the way Chapter 11 bankruptcies are conducted for qualifying small businesses.
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