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SBRA Resources

The Small Business Reorganization Act of 2019 (SBRA), in effect as of February 19, 2020, was enacted to provide Main Street business debtors with a more streamlined path for restructuring their debts. 
 
In response to the economic distress caused by the COVID-19 coronavirus pandemic, the “Coronavirus Aid, Relief, and Economic Security Act” (CARES Act; P.L. 116-136) was enacted on March 27, 2020, increasing the eligibility limit for small businesses looking to file under SBRA's subchapter V from $2,725,625 of debt to $7,500,000. The threshold will return to $2,725,625 after 1 year.
 
ABI is pleased to provide our members with curated access to the education, analysis and news you need to know. The site will be updated regularly, so check back often.
 
 

Upcoming Events

Central States Virtual Bankruptcy Workshop Session: Small Business Restructuring Act of 2019

While ABI had to cancel its in-person Central States Bankruptcy Workshop for 2020 due to the COVID-19 pandemic, some of the sessions designed for this year's program are being converted into a two-day virtual experience, to be held June 25-26. With two online educational sessions each day of the conference, ample networking opportunities both days and a price that is right ($100 for the entire program), it is easy to include the Central States Virtual Bankruptcy Workshop in your schedule this year. 
 
One of the Workshop's featured sessions will be a panel discussion on the Small Business Reorganization Act of 2019, featuring William S. Hackney of SmithAmundsen LLC (Chicago), Anthony J. Kochis of Wolfson Bolton PLLC (Troy, Mich.), Bankruptcy Judge Michael E. Ridgway (D. Minn.; Minneapolis) and Kesha Tanabe of Tanabe Law (Minneapolis).

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Informative Videos

Select Presentations on SBRA from ABI Events

Understanding the Nuts and Bolts of the “New” Subchapter V

 

The panel will explore the new requirements for filing and confirming a small business case under the new Subchapter V of Chapter 11 of the Bankruptcy Code, which became effective on February 19, 2020, and will address the potential issues you and your clients are likely to confront in seeking to successfully effectuate a reorganization thereunder.

Tools to Navigate the Financial Crisis Related to COVID-19

 

A distinguished panel of experts deciphers recent federal bailout programs and developments. Discussions also center on how best to successfully navigate the liquidity issues arising in the wake of the COVID 19 pandemic.

For more informative videos on SBRA, please click here.