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New law makes Ch. 11 bankruptcy easier for small businesses (access required)

Chapter 11 bankruptcies will be easier for businesses with smaller debt loads under a new law that takes effect in February. In August, President Donald Trump signed the Small Business Reorganization Act of 2019. Sponsored by Rep. Ben Cline, R-Va., the act will add a new subchapter to Chapter 11 that will allow small businesses to ...