Partner Russell W. Mills authored the article titled “Small Businesses Feeling the Effects of COVID-19 Should Be Aware of the New Small Business Reorganization Act of 2019,” which is featured on the National Association of Credit Management (NACM) website. With the onset of the COVID-19 pandemic and related government-ordered shutdowns and social distancing, many businesses – particularly restaurants, bars, entertainment facilities and hotels – are likely considering a potential bankruptcy filing. Mills details how the Small Business Reorganization Act of 2019 (SBRA), signed into law in August 2019, may make this remedy far less challenging than in years past.
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