“The biggest accomplishment is that at the annual spring meeting, the task force will release and publish important recommendations to Congress,” the ABI president said in an interview.
April 18, 2024 at 04:12 PM
3 minute read
When Soneet Kapila of KapilaMukamal began his term as president of the American Bankruptcy Institute, which comes to a close on Sunday, he focused on a “critical mission”: the Subchapter V legislation, also known as the Small Business Reorganization Act.
Enacted in 2020, the act provides a method for businesses to reorganize more expediently than in a traditional Chapter 11 bankruptcy case.
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U.S. Capitol building in Washington, D.C., on March 6, 2024. (Credit: Diego M. Radzinschi/ALM)
