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Bankruptcy

Oct. 10, 2019

Small businesses and creditors set to benefit from revisions to US Bankruptcy Code

In the first major revision to the United States Bankruptcy Code in almost 15 years, Congress recently enacted the Small Business Reorganization Act for the purpose of streamlining the bankruptcy process by which small business debtors reorganize and rehabilitate their financial affairs.

Breck E. Milde

Of Counsel
Hopkins & Carley

Email: bmilde@hopkinscarley.com

Breck is of counsel in the firm's San Jose office and a member of the Financial Institutions & Creditors' Rights Practice Group. He has extensive experience with complex litigation matters in state and federal courts, and represents creditors in insolvency matters both outside and within the bankruptcy courts.

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Small businesses and creditors set to benefit from revisions to US Bankruptcy Code
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In the first major revision to the United States Bankruptcy Code in almost 15 years, Congress recently enacted H.R. 3311, the Small Business Reorganization Act of 2019. This bipartisan measure was enacted for the purpose of streamlining the bankruptcy process by which small business debtors reorganize and rehabilitate their financial affairs. It also provides significant protections for certain creditors who find themselves enmeshed in a bankruptcy case. The act was s...

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