SBRA RESTRUCTURING, THE LATEST COVID TOOL IN YOUR TOOLKIT
On February 17, 2020, the CARES Act extended advantageous bankruptcy protection provisions of the Small Business Reorganization Act (SBRA) to many small businesses. SBRA added a new Subchapter V to the traditional Chapter 11 reorganization provisions of the Bankruptcy Code, designed specifically for qualified small businesses to reorganize and retain ownership of their companies.
At vcfo, we are taking every precaution to create a safe workplace for employees and to advocate for the same for our clients and friends. In our search for a screening tool to protect our team and also meet the State of Texas-recommended employer health protocols for reopening, we adopted QuickScreen™, a non-intrusive, easy-to-use, screening process for all employees.
Drawing both on our 25 years of experience and review of current recommendations we created an easy to follow, actionable set of steps. This includes an employee Covid-19 screening solution, a template for office reopening policies, workplace safety shopping list with PPE resources, plus links to federal, state, and locally published guidelines and mandates on reopening your business.