The Future Of Small Business Bankruptcies And Creditors’ Committees After The SBRA: In Re Bonert And In Re Lear Capital
With the passage of the Small Business Reorganization Act (the “SBRA”) in 2019,1 Congress made significant changes to the Bankruptcy Code2 that affect small businesses.3 These changes include removing the appointment of a creditors’ committee as a matter of course for small businesses and the creation of subchapter V,4 a new, additional, and streamlined bankruptcy option for eligible small businesses.5 Two recent cases, In re Bonert6 and In re Lear Capital, Inc.,7 offer an opportunity to examine these changes and may offer insight […]