Law Journal Newsletters recently published an article authored by our New York partner Robert W. Dremluk that explores the purpose of Subchapter V in the Chapter 11 bankruptcy process.
Here’s a short synopsis of the article:
On Aug. 23, 2019, the Small Business Reorganization Act of 2019 (SBRA) was signed into law and created a new Chapter 11 Subchapter V. The law became effective on Feb. 19, 2020. The general purpose of Subchapter V was to streamline the Chapter 11 bankruptcy process for small businesses and individuals engaged in business to administer their bankruptcy estate in an efficient and less costly manner.
Read the entire article HERE with a Law Journal Newsletters subscription.
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The foregoing content is for informational purposes only and should not be relied upon as legal advice. Federal, state, and local laws can change rapidly and, therefore, this content may become obsolete or outdated. Please consult with an attorney of your choice to ensure you obtain the most current and accurate counsel about your particular situation.