Tag Archives: Chapter 11

Massachusetts adds local rules to implement new small business bankruptcy cases

By doug | Published: April 23, 2020

The Small Business Reorganization Act took effect in February of 2020, adding a streamlined Chapter 11 bankruptcy process for businesses with less than $7M in debt, and in April the bankruptcy court in Massachusetts issued some new local rules for handling these cases. Local rule 1002 -1 implements the requirement that the judge assigned to […]

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Analysis of the key differences between small business and traditional Chapter 11 bankruptcy cases

By doug | Published: April 21, 2020

Bankruptcy courts nationwide began implementing a new law, the Small Business Reorganization Act, in February, 2020, just in advance of one of the sharpest, swiftest economic swoons in memory. The new law, sometimes tagged with the initials SBRA, creates a streamlined version of Chapter 11 bankruptcy reorganization for small companies and entrepreneurs who want to […]

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Companies struggling to reorganize in Chapter 11 should understand the concept of a critical vendor list

By doug | Published: April 3, 2020

With a wave off small business bankruptcies looming, more business owners and entrepreneurs are going to be looking at Chapter 11 as a possible way to continue to keep their venture operating, while shedding some of the pain from the shutdowns sparked by corona virus fears. The recent enactment of new bankruptcy protections for small […]

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Massachusetts marijuana firms face squeeze: forced to close, but unable to get funds or get bankruptcy protection

By doug | Published: April 1, 2020

Entrepreneurs in the emerging legal market for cannabis products in Massachusetts are facing a triple whammy crisis: First, the market for recreational (sometimes called “adult-use”) marijuana products has been closed by government order due to corona virus distancing measures, plus these firms will find themselves unable to participate in federal stimulus plans, and after that […]

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Highlights of the differences between the new small business bankruptcy law and traditional Chapter 11 cases

By doug | Published: March 27, 2020

The Small business Reorganization Act of 2019 roared in to life six months after its passage, on February 19, 2020, just in time for businesses to test its effectiveness given the ongoing corona virus crisis. Most lawyers and business people have at least heard of the existing Chapter 11 laws — at various points Delta […]

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A guide to interpreting the Small Business Reorganization Act of 2019 without driving yourself crazy

By doug | Published: March 22, 2020

Before diving in to the details of the Small Business Reorganization Act of 2019, take your gloves off. You’re going to need all your fingers to cross-reference the myriad of bankruptcy law passages that are cryptically referenced there. For a head start, keep reading: you can consider this guide a means of freeing up at […]

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