In February 2020, the Small Business Reorganization Act (SBRA) went into law; among its modifications to the U.S. Bankruptcy Code was the addition of a “Subchapter V” to Chapter 11, which provided for a streamlined process for small businesses to use the protections of chapter 11 to restructure its operations and debts. The new CARES Act, enacted in response to COVID-19, makes some important modifications to the SBRA to make Subchapter V available to a substantially larger number of businesses, thereby providing a critical option to address the devastating economic effects of the pandemic. What does this mean for small businesses today and when should you consider using this option? Thomas Fawkes, a bankruptcy and restructuring partner with Tucker Ellis LLP, joins us to share his bankruptcy expertise and provide clarity into the newly available options.
April 14, 2020
This webinar is part of the weekly webinar series, Tactical Tuesdays, brought to you by Adamy Valuation and DWH.