Law360 Quotes Robert Keach on Senate Bill Affecting Small Business Restructurings

In the article, “Senate Bill Aims To Expand Small Biz Ch. 11 At Critical Time,” Keach explained that increasing the Subchapter V debt cap was important even before the COVID-19 pandemic, noting that the original eligibility threshold was lower than many restructuring professionals had advocated for when the legislation was developed. He also discussed the economic pressures facing small businesses, including inflation, tariffs, and other macroeconomic challenges.

Keach, a member of Verrill’s Bankruptcy & Creditors’ Rights Group, served as co-chair of an American Bankruptcy Institute commission whose recommendations helped shape the legislation that created Subchapter V. He also testified before Congress regarding the commission’s findings during the effort to enact the Small Business Reorganization Act.

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