THE SMALL BUSINESS REORGANIZATION ACT OF 2019, PLUS THE CORONAVIRUS STIMULUS BILL, MAKE IT EASIER FOR CONSUMERS AND SMALL BUSINESSES TO FILE FOR BANKRUPTCY
The Small Business Reorganization Act, signed into law by President Trump in August 2019, became effective on February 19, 2020, shortly before the coronavirus struck hard in the U.S. By the end of March 2020, Congress had enacted, and President Trump had signed, the $2 trillion “Coronavirus Aid, Relief and Economic Security Act” (CARES Act), …