With the Small Business Reorganization Act (SBRA) up and running as of February, 2020, Chapter 11 of the bankruptcy code now has two separate sections that offer corporate debtors (and a few individuals) a discharge of their debts. This is something of a new frontier in American bankruptcy law, as up to now each chapter […]
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How does a discharge of debt under the Small Business Reorganization Act differ from an ordinary Chapter 11 discharge?
Posted in Chapter 11, Small business bankruptcy
Also tagged SBRA, Small business bankruptcy
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Supreme Court puts some teeth into the bankruptcy discharge
Debtors pay good money to go bankrupt — in exchange for which they expect to shed most of their debts and be left alone by prior creditors. But what should happen when creditors don’t get the message and continue collection or harassment? The United States Supreme Court recently addressed this issue for the first time, […]
All about bankruptcy discharges:
During the 12-month period that ended September 30, 2018, more than 760,000 Americans filed for bankruptcy under Chapter 7 or Chapter 13 of the U.S. Bankruptcy Code. These Americans were facing seemingly insurmountable debts, but the bankruptcy process offered them a way out. The way bankruptcy does so is through the discharge, a court order that terminates a […]