Subchapter V, The Newest Tool to Help Small Businesses

Subchapter V trustees give an overview of eligibility for and key features of this new portion of the U.S. Bankruptcy Code designed to make Chapter 11 proceedings faster, cheaper, and easier for small businesses. With the debt limit raised to $7.5M by the CARES Act, even more small businesses are able to take advantage of this special program, making it one of the hottest topics in restructuring.