The Small Business Reorganization Act: What it Means to the Credit Grantor

About this course

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lessonOverview

The Small Business Reorganization Act (SBRA), signed into law on August 23, 2019, became effective on February 19, 2020. The SBRA created a new Subchapter V of Chapter 11 which is meant to streamline the chapter 11 process for small businesses and reduce the prohibitive costs of reorganizing a debtor.

As a result of the COVID pandemic, the SBRA was revised by the CARES Act (Coronavirus Aid, Relief and Economic Security Act) to permit small businesses with no more than $7,500,000 in secured and unsecured debt to file under the SBRA.

This program will present an overview of the SBRA, its revisions and include the points of most importance to the trade creditor who does business with these small businesses. The points to be discussed include:

1. Appointment and duties of a trustee
2. Small business reorganization plan and disclosure statement
3. Elimination of Absolute Priority Rule
4. Due diligence requirement for preference actions

instructor

name	title	image	description
Wanda Borges	Member at Borges and Associates, LLC		Wanda is an experienced attorney concentrating her practice in the fields of commercial litigation and corporate creditors rights in corporate bankruptcies. She also provides educational programs for professional organizations such as the National Association of Credit Management, RiemerPlus Cantalupo and Sherman, Commercial Law League of America, and various bar associations.

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The Small Business Reorganization Act: What it Means to the Credit Grantor

Watch this tutorial to learn about latest revisions made in SBRA and how to secure your receivables while dealing with small businesses.

Course Overview 60 Mins (Show All)

Business Bankruptcy History | Trade Creditor's Guide (~05 Mins)

Small Business Reorganization Act Formation (~05 Mins)

Small Business Reorganization Act Under BAPCPA (~10 Mins)

2019 Bankruptcy Code Amendments (~05 Mins)

Small Business Reorganization Act | A Detailed Overview (~10 Mins)

Plan and Confirmation in Traditional Chapter 11 Proceedings (~08 Mins)

Plan and Confirmation in Sub-Chapter V Small Business Chapter 11 (~07 Mins)

Miscellaneaous Provisions of Sub-Chapter V of Interest to Trade Creditors (~02 Mins)

Additional Changes to Bankruptcy Code Affected by CARES Act (~05 Mins)

About this course