SBRA - Creating A Meaningful Bankruptcy Option for Small Business Debtors
In theory, Chapter 11 bankruptcy reorganizations preserve businesses and jobs while maximizing creditor recoveries. In practice, this often is not the case for small and medium-sized businesses. Smaller sized businesses often file for Chapter 11 bankruptcy not to save their businesses, but rather to bring about an orderly termination. Thus, the Bankruptcy Code widely has been viewed as broken and unworkable for these types of businesses.
