abiLIVE Webinar: The Small Business Reorganization Act: How It Helps in Today’s Health & Economic Crisis
The panel on the April 3 abiLIVE will discuss the recent amendments enacted by Congress (through the CARES Act) to raise the debt limit and make the provisions of the Small Business Reorganization Act (SBRA) available for larger companies. In addition, the panel will explain how these new laws help people in chapter 13 by allowing them more time to complete their plans and retain government benefits.
The panel on the April 8 abiLIVE will discuss the Small Business Reorganization Act’s requirement that a trustee (or debtor-in-possession) take into account a defendant’s defenses before bringing an action. This amendment, which is applicable in all cases, requires the plaintiff to engage in reasonable due diligence regarding a defendant’s affirmative defenses before initiating a preference action. The panel will discuss different approaches to satisfy the new requirement.