This CLE will provide attorneys, especially solos & those in small firms, with inventory attorney information and “toolkit” so that they are prepared in the event of a sudden need to close their practice in which they cannot be involved (i.e., death or disability).
The Small Business Reorganization Act (“SBRA”) added Subchapter V to Chapter 11. The purpose of SBRA was to streamline the bankruptcy process by which small business debtors reorganize and rehabilitate their financial affairs. The SBRA became effective on February 19, 2020. We will discuss the implementation of SBRA and how well SBRA has achieved its purpose on the 1st anniversary of SBRA.