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- Proposed Interim Rule and Official Form Amendments for Public Comment in Response to the Small Business Reorganization Act of 2019.
:[10/21/2019]
On August 23, 2019, the Small Business Reorganization Act of 2019, P.L. 116-54 (SBRA) was enacted into law. The SBRA creates a new subchapter V of chapter 11 for the reorganization of small business debtors. It does not repeal existing chapter 11 provisions regarding small business debtors, but instead creates an alternative procedure that small business debtors may elect to use. The effective date of the SBRA is February 19, 2020.
- H.R. 2336, the "Family Farmer Relief Act of 2019", which increases the debt limit used to determine whether a family farmer is eligible for relief under chapter 12 of the Bankruptcy Code;:[8/26/2019]
- H.R. 2938, the "Honoring American Veterans in Extreme Need Act of 2019" (HAVEN Act), which excludes from the calculation of monthly income, for purposes of the Bankruptcy Code's means test, certain benefits paid by the Department of Veterans Affairs and the Department of Defense;:[8/26/2019]
- H.R. 3304, the "National Guard and Reservists Debt Relief Extension Act of 2019", which extends for 4 years, through December 18, 2023, the exemption from certain bankruptcy means-testing for members of the National Guard and reservists of the Armed Forces; and:[8/26/2019]
- H.R. 3311, the "Small Business Reorganization Act of 2019", which establishes a subchapter within chapter 11 of the Bankruptcy Code under which small business debtors can reorganize using more simplified and expedited procedures:[8/26/2019]
- The Judicial Conference Advisory Committee on Appellate, Bankruptcy, Civil and Evidence Rules have proposed amendments to their respective rules, and requested that they be circulated to the bench, bar, and public for comment. The public comment period ends February 19, 2020. :[8/22/2019]
