Difficult times call for difficult decisions. However for a small business considering bankruptcy., the lengthy process and expense may only add insult to injury. Subchapter V bankruptcy can help you get out of debt.
Because each bankruptcy case is unique, filing for Subchapter V can be risky if you don’t have proper planning, consideration, and experience. The Subchapter 7 bankruptcy lawyers at Middlebrooks Shapiro, P.C. are here for you. They’ll listen to you, focus on the big picture, and give the guidance you need to get through this very difficult time.
Ready for a fresh start? Let us help you. Schedule your free Subchapter V bankruptcy consultation today!
Subchapter V is a type of reorganization bankruptcy focused on small businesses through the Small Business Reorganization Act of 2019.
Subchapter V took effect on February 19, 2020, under the Small Business Reorganization Act of 2019 (SBRA), and streamlined the existing rules governing small business reorganization under Chapter 11 of the Bankruptcy Code.
The goals of Subchapter V are to speed up reorganization and reduce the cost of bankruptcy reorganization under Chapter 11. These goals are to be accomplished with the assistance of a Subchapter V Bankruptcy Trustee.