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Greenbaum, Rowe, Smith & Davis LLP Client Alert

Today, February 19, 2020, the Small Business Reorganization Act of 2019 (SBRA) becomes effective.  Signed into law on August 23, 2019, this new subchapter to Chapter 11 reorganization is available to address problems encountered by small business debtors in reorganization under the provisions of the United States Bankruptcy Code.

SBRA is intended to facilitate the reorganization of a small business, with the goal of making small business bankruptcy proceedings more efficient and economical.  The key components of SBRA are as follows:

Please contact the author of this Alert, Nancy Isaacson, for additional information.  Ms. Isaacson is a partner in the firm’s Litigation Department and a member of the Bankruptcy & Financial Restructuring Practice Group.