The Small Business Reorganization Act of 2019

Presented by Dennis J. Shaffer, Partner, Whiteford Taylor Preston and Brent C. Strickland, Partner, Whiteford Taylor Preston
Hosted by Maryland Chamber of Commerce

Join the Maryland Chamber Foundation for a free webinar as representatives from Whiteford Taylor Preston discuss the new Small Business Reorganization Act of 2019. The Maryland Chamber Foundation remains dedicated to supporting our state’s business community—and maintaining continuity of operations—as we grapple with the effects of the COVID-19 crisis.

Small business owners now have the lifeline they need to work through a rough patch, cyclical downturn or other unexpected problem by taking advantage of the new Small Business Reorganization Act of 2019 (the “SBRA”).

SBRA is a significant change in existing bankruptcy law that greatly reduces or eliminates many of the costs associated with a bankruptcy reorganization, expedites the process for a quick turnaround, and preserves ownership and control of the business.

Given the number of businesses suddenly faced with the prospect of insolvency, the SBRA feels like must-know law. It is described as a game changer for small and medium-sized businesses, as it allows access to a quicker and less expensive reorganization, at the same time making it easier for a business to maintain equity interests.