On February 19, 2020, a new subchapter of the Bankruptcy Code went into effect geared specifically to help financially distressed small businesses. The Small Business Reorganization Act (SBRA) provides small businesses with a potentially cheaper and easier bankruptcy...
Chapter 11 Plan of Reorganization of Centinela Valley Endoscopy Center
On December 12, 2019, Weintraub & Selth, APC, confirmed the Chapter 11 Plan of Reorganization of Centinela Valley Endoscopy Center. The bankruptcy case was caused by the entry of a judgment against the company by a former employee who refused to settle the...
How to Inform Employees About the Business’ Bankruptcy
When business owners struggle under debt, their primary concern is often the survival of the business itself. That is also the first factor they consider when debating which chapter of bankruptcy to file. However, just as with running a business, there are several...
How Could Your Business Change After a Chapter 11 Reorganization?
The reorganization plan of Chapter 11 bankruptcy allows business owners to create a strategy for how they will repay debts over time and keep their business open. However, this plan often requires business owners to restructure their operations as well. So, how could...
The Elements of Confirming a Chapter 11 Plan For Reorganization
After careful consideration, a business owner might determine that filing Chapter 11 bankruptcy is the right path for them. It will allow them to keep running their business operations but help them relieve their debt as well. One essential aspect of filing Chapter 11...