JUST IN TIME: NEW BANKRUPTCY RELIEF FOR SMALL BUSINESSES – NEW YORK LAW JOURNAL
Collection Industry News
SEPTEMBER 29, 2020
The CARES Act special bankruptcy relief increased the debt limit under the Small Business Reorganization Act of 2019 (SBRA) from about $2.7 The increased debt limit, which became effective February 20, 2020, includes a one-year sunset. First, the total amount of secured plus unsecured debt may not exceed $7.5
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