Since the Small Business Reorganization Act of 2019’s (SBRA) effective date, U.S. bankruptcy courts have determined a number of novel issues by interpreting what are, essentially, brand new statutes, The National Review reported. To date, at least 13 bankruptcy courts have ruled on SBRA related issues. Overall, bankruptcy courts appear to be taking a “debtor friendly” approach to these issues, which is in line with Congress’s intentions underlying SBRA and is generally reflected in the holdings listed below. Only two of the SBRA-related decisions denied the respective debtor’s requested relief.
