US Senators Propose Legislation That May Make Chapter 11 Reorganizat...

US Senators Propose Legislation That May Make Chapter 11 Reorganization a Viable Option for Small Businesses
Law.com
So how does the proposed bill make Chapter 11 less expensive and more attractive to small businesses? The bill shortens the time to file a plan to 90 days (as opposed to the 120 days provided for under §1121 of the Bankruptcy Code). Additionally, the ...