Ben Cline small business bill signed into law
Understanding the challenges small business owners face, this Act simplifies the process for entrepreneurs to use bankruptcy as a means of reorganization. Under this bill, businesses with less than $2.5 million of debt will be able to file for bankruptcy in a timelier and more cost-effective manner. While in bankruptcy reorganization, a small business will be able to negotiate with creditors while keeping the doors open, employees on payroll, and suppliers and vendors paid.
“While it is my hope small business owners will never need to use the provisions of this bill, I am pleased that they now will have the necessary resources to make successful the businesses that they have worked so hard to build. ” Cline said.
This action follows on the heels of the President signing Rep. Cline’s LEGION Act earlier this month.
UVA Basketball Fans!
Dick Vitale on Team of Destiny: “This is a hoops story you will LOVE! Jerry and Chris capture the sensational and dramatic championship journey by Tony Bennett and his tenacious Cavalier team. UVA was Awesome Baby and so is this book!”
Ralph Sampson on Team of Destiny: “Jerry and Chris have lived and seen it all, even before my time. I highly recommend this book to every basketball fan across the globe. This story translates to all who know defeat and how to overcome it!”
Feedback from buyers: “Got the Book in the Mail Saturday, and could not put it down! Great read and great photography as well! Love all of the books I’ve received, but hands down, this is my favorite!” – Russell