The Small Business Reorganization Act of 2019 provides small businesses with a number of tools to reorganize under Subchapter V of Chapter 11.  It has helped many small businesses reorganize and stay in business where a “regular” Chapter 11 would not have led to a successful result.  The current debt cap of $7.5 million is set to expire on March 27, 2022.  A permanent debt cap of $10 million would help more small businesses survive, resulting in long-term benefits for the small business owner and its employees, creditors, landlords, vendors, and suppliers, as well as local economies.  I recommend the article “6 Reasons Why Congress Should Allow Businesses with Up to $10 Million in Liabilities Reorganize Under Subchapter V.” 

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