Entries by John Redfield

THE NEW SMALL BUSINESS REORGANIZATION ACT

In a hope to streamline the bankruptcy process for insolvent small businesses and rehabilitate their financial affairs under Chapter 11 bankruptcy, Congress enacted the Small Business Reorganization Act of 2019. This act will go into effect on February 19, 2020. The act contains a new subchapter V for Chapter 11 small business debtors, which allows […]