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Jeffrey I. Snyder, a partner at Bilzin Sumberg, Allison Day, a partner at Genovese Joblove & Battista, and Jeffrey T. Kucera of K&L Gates, Jeffrey I. Snyder, a partner at Bilzin Sumberg, Allison Day, a partner at Genovese Joblove & Battista, and Jeffrey T. Kucera of K&L Gates. Courtesy photos

The $2 trillion coronavirus relief and economic stimulus package, which is expected to be signed into law by President Donald Trump on Friday, has a provision that will enable more small businesses to streamline the bankruptcy process and reorganize their affairs, according to South Florida business lawyers.

The stimulus package contained in the Coronavirus Aid, Relief and Economic Security (CARES) Act is the largest of its kind in modern American history and is in response to the coronavirus pandemic that has battered the economy. Should the CARES Act be signed into law, the bill includes changes to the Small Business Reorganization Act (SBRA) that went into effect in February 2020.

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Michael A. Mora

Michael primarily covers litigation in South Florida for the Daily Business Review. You can contact him by email: [email protected]

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