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Russell Mills on the Dallas Business Journal Explores how the SBRA Makes the Bankruptcy Process Easier for Small Businesses

Bell Nunnally Partner Russell W. Mills authored the Dallas Business Journal article “Here’s what small businesses need to know about recent change in bankruptcy law.” The piece explores how the Small Business Reorganization Act of 2019 (SBRA), temporarily expanded by the Coronavirus Aid, Relief, and Economic Security (CARES) Act, makes the remedy of bankruptcy for small businesses across the country, including Texas, far less difficult for them than in years past. He notes, “[T]he SBRA lowers costs, simplifies the plan confirmation process and provides more certainty to equity owners looking to protect their investment from creditors. It also arrives at an opportune time for small business owners.”

To read the full article, please click here.