Entries by klennon1

Article-Small Business Bankruptcy Debt Ceiling Reverts to Pre-COVID-19 Limits Pending Passage of New Legislation

The Small Business Reorganization Act of 2019 (the “SBRA”) became effective on February 19, 2020. The SBRA streamlined the Chapter 11 process through a new Subchapter V of Chapter 11. Notable benefits to debtors of a Subchapter V reorganization under the SBRA are an expedited plan confirmation process and the elimination of a creditor’s committee. […]

Article-Serving on the Board of a Non-Profit Corporation

Serving on the board of a non-profit corporation can be a very rewarding and fulfilling experience.  It is, however, important to understand the obligations which come with that service.  These obligations can be summed up by the three primary duties of a director of a non-profit corporation; the duty of care, the duty of loyalty, […]