The Small Business Reorganization Act and Subchapter 5 Bankruptcies
Hi, I’m Rob Chewning. I work with the firm of McLaughlin & Nardi, LLC. At the firm we practice several different types of law, including bankruptcy law. I am here today to talk to you about The Small Business Reorganization Act and Subchapter 5 bankruptcies.
As a result of COVID-19, millions of small businesses have been forced to shut down and cease business operations indefinitely with no end in sight. Some of these small businesses have tried to hold on in the hope of getting federal stimulus money that can carry them through this tough time. However, there are several million other businesses which will not be eligible or will not be able to get their hands on this federal stimulus money which is causing them to consider the options that they have.