Small Business Reorganization Act Changes
On August 23, 2019, the Small Business Reorganization Act of 2019, P.L. No. 116-54 (SBRA), was signed into law. Acting on an expedited basis between scheduled meetings, the Advisory Committee on Bankruptcy Rules recommended conforming changes to implement the substantive and procedural requirements of the SBRA to Official Forms 101, 201, 309E (renumbered 309E1), 309F (renumbered as 309F1), 314, 315, and 425A, and it recommended new Official Forms 309E2, and 309F2. In addition, Director’s Form 2000 is updated to reflect that an individual debtor filing under subchapter V of chapter 11 need not complete or file Official Form 122B.