On February 19, 2020, Congress enacted the Small Business Reorganization Act (“SBRA”) to, among other things, streamline the chapter 11 bankruptcy process for a small business by creating subchapter V of the Bankruptcy Code....more
The treatment of commercial lease liabilities in chapter 11 cases is a frequent point of contention in commercial bankruptcy proceedings. Landlords and tenants often clash over when (and how much) rent is due when filing for...more
January 1, 2024, was a milestone for small businesses and their owners, as well as bankruptcy trustees, receivers, and chief restructuring officers (“CRO” and collectively, “Troubled Company Fiduciaries”) of small businesses...more
1/18/2024
/ Beneficial Owner ,
CEOs ,
CFOs ,
Chief Compliance Officers ,
Corporate Officers ,
Corporate Restructuring ,
Corporate Transparency Act ,
Creditors ,
Debtors ,
Fiduciary ,
Financial Institutions ,
FinCEN ,
Foreign Corporations ,
Limited Liability Company (LLC) ,
Receivership ,
Reporting Requirements ,
Trusts
On February 19, 2020, Congress enacted the Small Business Reorganization Act (“SBRA”) to, among other things, streamline the chapter 11 bankruptcy process for a small business. Under the SBRA, a “small business” was one with...more
On March 27, 2021, President Biden signed the “COVID-19 Bankruptcy Relief Extension Act of 2021” to extend the expiration dates of certain bankruptcy provisions of the CARES Act to March 27, 2022. The original version of the...more
4/1/2021
/ CARES Act ,
Chapter 11 ,
Chapter 13 ,
Consolidated Appropriations Act (CAA) ,
Coronavirus/COVID-19 ,
Creditors ,
Hardship Extensions ,
Joe Biden ,
Paycheck Protection Program (PPP) ,
Small Business ,
Tenants ,
Time Extensions
On February 25, 2021, Senators Durbin and Grassley introduced bipartisan legislation to extend the expiration dates of certain bankruptcy provisions of the CARES Act and the Consolidated Appropriations Act to March 27, 2022. ...more
3/9/2021
/ Bankruptcy Code ,
CARES Act ,
Chapter 11 ,
Chapter 13 ,
Consolidated Appropriations Act (CAA) ,
Coronavirus/COVID-19 ,
Creditors ,
Customs and Border Protection ,
Eviction ,
Financial Distress ,
Mortgages ,
Proposed Legislation ,
Security Deposits ,
Small Business