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Expanded Chapter 11 Access a Critical Part of CARES Act for Small Businesses

May 2020 - ABF Journal
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Much of the recent news regarding the Coronavirus Aid, Relief and Economic Security Act has been focused on the impacts of the direct-to-taxpayer checks, bailouts for major corporations and other benefits aimed at stimulating the slumping economy. However, there is one aspect of the CARES Act that should not be overlooked by struggling small businesses: the temporary amendments to the Small Business Reorganization Act of 2019 (SBRA) that make streamlined Chapter 11 procedures more broadly available.

Read the article here.

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