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Bankruptcy Courts Appear ‘Good Faith Debtor’ Friendly in Subchapter V Cases

Bankruptcy Courts Appear ‘Good Faith Debtor’ Friendly in Subchapter V Cases

Pursuant to the Small Business Reorganization Act of 2019 (SBRA), which became effective on February 19, 2020, Chapter 11 of the U.S. Bankruptcy Code was amended to include new Subchapter V. Through newly added Bankruptcy Code Sections 1181-1195, “small business debtors” should be able to...

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