What you need to know about the Small Business Reorganization Act Of 2019
Bankruptcy filings are on the rise, and many eligible debtors are opting to file under the Small Business Reorganization Act of 2019 (SBRA), a new fast-track bankruptcy option that alters creditors’ rights in certain Chapter 11 bankruptcy cases. The SBRA became effective in February 2020 and is quickly becoming an important tool for debtors in bankruptcy as the effects of COVID-19 are felt across the country.