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