Bankruptcy Update: The COVID-19 Bankruptcy Relief Act of 2021
By EsqSocial Corporation 22/04/21
On March 27, 2021, President Biden signed the COVID-19 Bankruptcy Relief Extension Act (the “Extension Act”) into law as Pub.L. 117-5. In relevant part, it extends by a year increased debt limits for small businesses and individuals who want to take advantage of filing bankruptcy under Subchapter V of Chapter 11. Subchapter V became law pursuant to the Small Business Reorganization Act of 2019. Subchapter V provides eligible debtors, both small businesses and individuals, with a much more...
By: Dunlap Bennett & Ludwig PLLC