Fixing Ch. 11 For Small Biz: What SBRA Means By 'Engaged'
Law360 (February 5, 2021, 4:44 PM EST) -- On Feb. 19, 2020, Congress enacted the Small Business Reorganization Act to improve the Chapter 11 reorganization process for small business debtors. In this Expert Analysis series, bankruptcy experts reflect on ways the law has worked — and ways it hasn't — during the past year, a time of crisis for many small businesses.
As the fallout from the pandemic continues to decimate America's small businesses, many have chosen to take advantage of the Small Business Reorganization Act, or SBRA, and Subchapter V of the Bankruptcy Code, exclusively available to "a person engaged in commercial or business activities ......
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