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It's Easier for Businesses Owners to Walk Away

It's Easier for Businesses Owners to Walk Away woman walking on the desert

According to the Street, many small business owners are contemplating using bankruptcy, which is now easier for small businesses under the SMall Business Reorganization Act of 2019.

In 2008, homeowners walked away from mortgages. Thanks to the Small Business Reorganization Act of 2019 (SBRA), in effect as of February 19, 2020, small businesses have an easier shot at doing the same.

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