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Bankruptcy

Small Business Bankruptcy in the time of COVID-19


The Small Business Reorganization Act of 2019 (SBRA) became effective February 2020, providing a more streamlined process for small businesses to reorganize through bankruptcy without the constraints of several features of Chapter 11 reorganization. The small business provision, known as Subchapter V of chapter 11 of the U.S. Bankruptcy Code, was enacted in August 2019