In 2019, small businesses constituted 99.7% of United States businesses and employed roughly 47.3% of the private workforce. In February 2020, the Small Business Reorganization Act (“SBRA”) became effective. The SBRA created a new fast-track, debtor-friendly bankruptcy option that alters creditors’ rights in Chapter 11 bankruptcy cases. The CARES Act dramatically expanded the SBRA’s coverage to small business debtors with debts of less than $7,500,000.
This webinar will discuss:
- Specific provisions of the SBRA, how it differs from a traditional chapter 11.
- Cover several highlights of how the SBRA impacts a financial institutions’ rights.
- Different strategies for financial institutions to protect their legal rights.
To register, please click here.