February 2020 - Telpner Peterson Law Firm

The Small Business Reorganization Act

Monday February 24th, 2020
Telpner Peterson Law Firm
Bankruptcy
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This month, the Small Business Reorganization Act of 2019 officially went into effect. Creating a new subchapter under Chapter 11 of the Bankruptcy Code, the new law was designed to promote efficiency and simplicity for small businesses looking to reorganize…

Chapter 12 Debt Ceiling Increased to $10 Million

Tuesday February 11th, 2020
Telpner Peterson Law Firm
Personal Bankruptcy
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According to the American Farm Bureau, farm bankruptcies increased by nearly 20 percent last year, with 595 family farms filing Chapter 12 bankruptcy petitions, 27 of which were located in Iowa. In fact, farm bankruptcies in Iowa have reached their…