Sen. Chuck Grassley Talks Changes to Small Business Bankruptcy

Gene Marks
Aug 3, 2022

As a business owner, going bankrupt is never something you plan for, so when it does happen, it shouldn’t be any harder than it has to be. On this episode of THRIVE, a Paychex Business Podcast, Gene Marks is talking to Senator Chuck Grassley from Iowa, about the latest legislation that he has been working on to make bankruptcy easier on small businesses. Listen in as he talks about the changes this legislation will make.

Topics Include:

00:48–2019 Small Business Reorganization Act
02:12 — What inspired the new legislation
03:53 — The improvements to the existing Chapter 11
06:15 — Bankruptcy and the existing economy
08:19 — Sen. Grassley’s thoughts on addressing small business challenges
11:32 — The upcoming midterm elections

Listen here.



Gene Marks

Columnist on smallbiz, economy, public policy, tech for The Guardian, The Hill, Philly Inquirer, Wash Times, Forbes, Entrepreneur. Small Business owner and CPA