Mr. Gardner was a featured speaker in a two-part series on the Small Business Reorganization Act (SBRA) held on May 28, 2020 and June 16, 2020
The SBRA went into effect on February 19, 2020. The SBRA has many new provisions that may significantly help small businesses and the individuals that run them. In general, and with some exceptions, a “small business” is considered to be a person or entity engaged in commercial or business activities that has aggregate debts of no more than $7,500,000 (this debt limit applies for cases filed between March 27, 2020 and March 26, 2021; the debt limit will be reduced to approximately $2,725,625 on March 27, 2021). No less than 50 percent of the debt must have “arisen from” the debtor’s commercial or business activities.
We have extensive experience representing debtors in Bankruptcy Courts. We also represent creditors, trustees, outside parties such as asset purchasers, alleged transferees of “preferential” or fraudulent transfers, and co-owners of property who might be affected by somebody else’s bankruptcy. Mr. Gardner’s extensive civil litigation experience in both the state and federal courts results in a strong advocate in bankruptcy litigation matters.