New Subchapter 5 Bankruptcy Proceeding Makes It Easier For Small Businesses to Reorganize While Continuing Operations
They have received little publicity, but recent changes to the U.S. Bankruptcy Code have made it easier for small businesses to restructure under Chapter 11 and discharge their debts while continuing their operations. The first change was made by the Small Business Reorganization Act of 2019, which took effect on February 19, 2020, and added […]