CLC Blog

CHAPTER 11 BANKRUPTCIES NOW EASIER FOR SMALL BUSINESS DEBTORS 

The Small Business Reorganization Act of 2019 streamlines existing rules for small businesses to restructure successfully under Chapter 11 of the Bankruptcy Code. A small business debtor can be a business entity (corporation or LLC) or an individual, engaged in business, with debts less than about $2.7 million.   Some of the Act’s provisions include: A …

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DISCOVERING DISCOVERY

The word DISCOVER comes from COVER, meaning to hide or conceal, and DIS-, meaning the opposite of.  Thus, to DISCOVER is learn or find out about.  DISCOVERY, in the law, means the process, before trial, of finding out what information an opposing party has about the case. If you are the defendant in a lawsuit, …

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