The Small Business Reorganization Act of 2019 (SBRA) became effective on the eve of the economic free fall stemming from the COVID-19 pandemic. Longleaf Law Partner’s bankruptcy law expert, Cindy G. Oliver, explains the new law in our 13-part series, Bankruptcy Buzz. Part 9 of 13: The elimination of the disclosure statement, an often lengthy document providing adequate information to a holder of a claim or interest entitled to vote to accept or reject a Chapter 11 […]
Only the Subchapter V Small Business Debtor May File a Plan of Reorganization
The Small Business Reorganization Act of 2019 (SBRA) became effective on the eve of the economic free fall stemming from the COVID-19 pandemic. Longleaf Law Partner’s bankruptcy law expert, Cindy G. Oliver, explains the new law in our 13-part series, Bankruptcy Buzz. Part 8 of 13: Unlike in a traditional Chapter 11 case, nobody can file a competing plan of reorganization in a Subchapter V small business case. The plan, which must be filed within 90 days, […]
The Subchapter V Small Business Plan of Reorganization
The Small Business Reorganization Act of 2019 (SBRA) became effective on the eve of the economic free fall stemming from the COVID-19 pandemic. Longleaf Law Partner’s bankruptcy law expert, Cindy G. Oliver, explains the new law in our 13-part series, Bankruptcy Buzz. Part 7 of 13: Unsecured creditors generally do not receive a payment on their claims in a Chapter 11 bankruptcy case until a plan of reorganization is confirmed, and a secured creditor may only receive […]
Required Status Conference
The Small Business Reorganization Act of 2019 (SBRA) became effective on the eve of the economic free fall stemming from the COVID-19 pandemic. Longleaf Law Partner’s bankruptcy law expert, Cindy G. Oliver, explains the new law in our 13-part series, Bankruptcy Buzz. Part 6 of 13: A small business debtor who elects to reorganize under the new Subchapter V of Chapter 11, is required to attend a status conference, as is the trustee appointed in the case, […]
Creditors’ Committees Generally Eliminated in Subchapter V
The Small Business Reorganization Act of 2019 (SBRA) became effective on the eve of the economic free fall stemming from the COVID-19 pandemic. Longleaf Law Partner’s bankruptcy law expert, Cindy G. Oliver, explains the new law in our 13-part series, Bankruptcy Buzz. Part 5 of 13: There are no creditors’ committees in a Subchapter V small business Chapter 11 case unless the bankruptcy court deems them warranted. In a traditional Chapter 11 bankruptcy case, an unsecured […]
