Siddons Law Blog
Small Business Reorganization Act of 2019 (SBRA) seeks to make bankruptcy more affordable for small business
The Small Business Reorganization Act of 2019 (the “SBRA”), enacts a new Subchapter V (Sub V) of Chapter 11 of the Bankruptcy Code. The SBRA seeks to address problems encountered by small business debtors in reorganizing under the provisions of the United States Bankruptcy Code. The existence of two sets of provisions in Chapter 11
Experts are predicting that the flood of bankruptcies that will result from the current economic crisis will be as bad as what we saw during the Great Recession, if not worse.
Due to the COVID-19 pandemic, the federal government passed the “Coronavirus Aid, Relief and Economic Security Act” (aka the “CARES Act”) into law with provisions to provide financially distressed consumers and small businesses greater access to bankruptcy relief. Key provisions within the CARES Act • Amending the definition of “income” in the Bankruptcy Code for
Short Answer: It’s Because I Care About My Clients Here at Siddons Law, I deal with many clients who say that they don’t have the money to file for bankruptcy. This is a sad state of affairs because, for many of my clients, bankruptcy is the only option they have for turning their financial situation
Bankruptcy Is Not Nearly As Scary As Most People Think For most people, “bankruptcy” is a scary word: it conjures fears of ruined credit, loss of employment, and a bleak financial future. We at Siddons Law want to put those fears to rest. While bankruptcy does have consequences, those consequences are not nearly as bad
Many Pennsylvania residents are unaware filing for Chapter 7 bankruptcy affords them the opportunity to discharge income tax debt, in addition to other common forms of debt. In order to discharge income debt, filers must meet certain criteria before qualifying under Chapter 7 bankruptcy.