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CARES Act Expands Relief Available under Small Business Reorganization Act (Subchapter V of Ch. 11)

The Small Business Reorganization Act of 2019 (the "SBRA"), enacting new subchapter V of Chapter 11 of the U.S. Bankruptcy Code, became effective February 19, 2020. The SBRA makes it significantly easier for many small businesses to reorganize under Chapter 11 of the Bankruptcy Code by reducing costs, streamlining certain disclosure and filing requirements, reducing or eliminating certain stringent plan confirmation requirements, such as the "absolute priority rule," and spee