By Shirley Palumbo

Blockchain technology has been asserted to store information in a way that is secured, but not necessarily secret. Seemingly, one of the main purposes of a blockchain usage is to avoid the information being edited or corrupted. Thus, words like transparency, provenance and integrity are known characteristics of the blockchain. While the encryption verifies sediments and accurately reflects the past information, it does not necessarily translate to the information being protected as a “secret”.

Indeed, the encryption is public, and while cryptocurrency, like bitcoin, trades in the blockchain most times with no identifiers linking it to a particular individual, standard digital analytics and forensics can provide the identity of the owner of a wallet, in addition to ownership of any other wallet he may own. (Sibenik, P, 2019). 

by Manny Farach

BLS Blog: Increased Debt Limits Once Again under the Small Business Reorganization Act

By The Bankruptcy & Creditors’ Rights Group at Trenam Law

Nicole Carnero, Summer Associate at Trenam Law

When the Small Business Reorganization Act of 2019 (“SBRA”) was signed into law on February 19, 2020, it represented a significant milestone for small businesses in desperate need of bankruptcy relief. Through the SBRA, Congress created Subchapter V, a unique Chapter 11 bankruptcy process that exclusively applies to small businesses. It was meant to address the concern that small businesses were disadvantaged because traditional Chapter 11 bankruptcy is primarily geared towards large businesses. In many instances it can be far too expensive, cumbersome, and difficult to navigate for small business owners. Subchapter V allows small business debtors the same benefits of traditional Chapter 11 through a simplified process that was created with them in mind.