NEW CORONAVIRUS STIMULUS BILL MAKES IT EASIER FOR CONSUMERS AND SMALL BUSINESSES TO FILE FOR BANKRUPTCY
The $2 trillion “Coronavirus Aid, Relief and Economic Security Act” (CARES Act), signed into law by President Trump on Friday afternoon. provides financially distressed consumers and small businesses with greater access to bankruptcy relief. Key bankruptcy provisions within Section 1113 of the CARES Act include: Amending the Small Business Reorganization Act of 2019 (SBRA) to …
