Bill to streamline bankruptcy process for small businesses moves to president

PROVIDENCE – Congress has approved legislation to streamline bankruptcy procedures and provide new tools for small-business owners. Co-sponsored by Sen. Sheldon Whitehouse, D-R.I., and Rep. David N. Cicilline, D-R.I., the legislation is awaiting President Donald Trump’s signature. It addresses issues with Chapter 11 in the bankruptcy code, which was designed to help multimillion-dollar companies reorganize,…

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