What Attorneys Need to Know About the Small Business Reorganization Act of 2019
Program Number
Program Date
CLE Credits
Small and mid-sized companies often find it difficult to use Chapter 11 to successfully reorganize and Chapter 11 forces distressed firms to incur significant professional fees, and the U.S. Bankruptcy Code imposes numerous administrative burdens on debtors. Congress recently addressed these problems by enacting the Small Business Reorganization Act of 2019 (the “SBRA), which became effective on February 19, 2020. The SBRA is designed to foster successful restructurings of small businesses, and thereby save jobs and preserve enterprise value. Among other things, the SBRA adds a new “Subchapter V to Chapter 11 of the Bankruptcy Code, which contain new tools to increase a small business debtors chances for a successful reorganization. During this webinar, participants will learn about the key features of new Subchapter V, as well as the potential benefits and drawbacks to filing a Subchapter V case. Participants will also learn about how the SBRA has modified existing law regarding actions to avoid and recover preference payments.
Available in States
- California
- Georgia
- New Jersey
- New York
- Texas Self Study
Program Categories
- Administrative Law & Regulations
- Banking & Finance Law
- Bankruptcy Law & Creditor Rights
- Business Law
- Business Organizations & Contracts
- Federal Courts
PROGRAM CREDITS
- Areas of Professional Practice : 1 Credit
