Small Business Bankruptcy
In February 2020, the Small Business Reorganization Act (SBRA), a new more stream-lined and cost effective bankruptcy procedure for small businesses and individuals, went into effect. Since the onset of the COVID-19 pandemic and resulting economic hardships, it has become even more important for small businesses to understand their options under the SBRA and the CARES Act increased the number of businesses that qualify for this type of reorganization. Most importantly for business owners, the SBRA permits owners to maintain control and ownership of the business even if all senior creditors are not paid in full.
The attorneys at Lasky Murphy have extensive experience in numerous types of bankruptcy matters and are prepared to assist your small business get back on its feet.
LASKY MURPHY LLC
715 GIROD STREET, SUITE 250
NEW ORLEANS, LA 70130