Small Business Reorganization Act of 2019 (SBRA) Resources

     Small Business Reorganization Act of 2019 Resources:

       The new Subchapter V of Chapter 11 of the Bankruptcy Code went into effect on February 19, 2020.  

      Public statements from various cosponsors of the Senate version (which is the final version signed into law), include:

"The strength of Rhode Island's economy depends on the strength of the nearly one hundred thousand small businesses that have set up shop here.  We need to  improve the bankruptcy process to give smaller employers who are struggling better tools to get back on their feet and preserve jobs." -- Sen. Sheldon Whitehouse (RI)

RESOURCES:  Many resources have been cre​ated  to assist practitioners with this new subchapter of Chapter 11, and we share several of these (with permission):    

1.  Judge Paul W. Bonapfel of the US Bankruptcy Court for the Northern District of Georgia published “A Guide to the Small Business Reorganization Act of 2019”

2.  Additionally, “Key Events in the Timeline of Subchapter V Cases” written by Judge Benjamin A. Kahn of the US Bankruptcy Court for the Middle District of North Carolina and Samantha M. Ruben, Law Clerk to Judge Kahn

3.  The Rhode Island Bankruptcy Court's February 25, 2020 Training Slides on the SBRA

4.  New Interim Rules and Amended Local Rules and Forms to Implement SBRA:  See, attached Notice of Adoption and links to the red-lined and clean versions of these rules and forms. 

5.  First Opinion on the SBRA Permits Conversion of an Existing Chapter 11 Case:   See, In re Progressive Solutions, Inc. (Bankr. C.D.CA, Feb. 21, 2020).