Since its inception, the traditional reorganization process under chapter 11 has been criticized as time-consuming, expensive, and often impractical for most small-business owners. Enactment of the Small Business Reorganization Act of 2019 has since created new opportunities for small businesses hoping to successfully reorganize and rehabilitate their financial affairs.
Author: Bruce W. Akerly, JD,is the founding partner of Akerly Law PLLC, Dallas, Texas, which focuses on business law, litigation, and bankruptcy in the Dallas-Fort Worth area. He graduated from Texas Tech University School of Law in 1982 with honors. He clerked for the Honorable Mary Lou Robinson, United States District Court for the Northern District of Texas. He has over 30 years of experience as a litigator, teacher, and speaker in federal and state court, trial, and appeal courts. Mr. Akerly was selected to the 2019 Texas Super Lawyers list, which marks his 10th consecutive year for this honor. The Super Lawyers list recognizes no more than 5 percent of attorneys in each state. He is a frequent writer and speaker on matters relating to creditors’ rights and bankruptcy. He is licensed to practice law in the state of Texas. He is admitted to practice before the United States Supreme Court, all federal district courts in Texas, the 5th, 6th, and 10th United States Circuit Courts of Appeal, as well as federal district courts for the western and eastern districts of Wisconsin, the western district of Tennessee, and the eastern district of North Carolina.
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