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05-13-2020, 12:58 PM #1
- Join Date
- Feb 2018
- Posts
- 1,349
Small Business Reorganization Act (SBRA) and Subchapter V
will we see a wave of chapter 11 under this new subchapter rule?
The Small Business Reorganization Act shifts leverage in favor of the business owner in several key areas.
1) Under SBRA / Subchapter V, a business owner can confirm a plan of reorganization without the consent of any creditor.
2) Only the business owner (debtor) has the right to modify the restructuring plan post confirmation.
3) A small business owner has relief from the absolute priority rule.
4) SBRA / Subchapter V is significantly cheaper and faster, with fewer hurdles and fewer fees.
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