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JUST IN TIME: NEW BANKRUPTCY RELIEF FOR SMALL BUSINESSES – NEW YORK LAW JOURNAL

Collection Industry News

SEPTEMBER 29, 2020

The CARES Act special bankruptcy relief increased the debt limit under the Small Business Reorganization Act of 2019 (SBRA) from about $2.7 The increased debt limit, which became effective February 20, 2020, includes a one-year sunset. First, the total amount of secured plus unsecured debt may not exceed $7.5

Bankruptcy

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The Long Road Ahead? Puerto Rico Oversight Board Files Proposed Plan To Restructure The Commonwealth’s Debt And Other Claims

BN Lawyers

SEPTEMBER 30, 2019

The Plan, combined with the completed COFINA debt restructuring, reduces the maximum annual amount of government net-tax supported debt service from $4.2 The combined debt service of the Commonwealth and COFINA debt falls from $82 billion to $44 billion over a 30-year period. billion to $1.5

Unsecured Creditor

Unsecured Creditor Unsecured Debt Government Bankruptcy

JUST IN TIME: NEW BANKRUPTCY RELIEF FOR SMALL BUSINESSES – NEW YORK LAW JOURNAL

The Long Road Ahead? Puerto Rico Oversight Board Files Proposed Plan To Restructure The Commonwealth’s Debt And Other Claims

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