Chapter 11 Plan of Reorganization Overview

A Bankruptcy Chapter 11 Plan of Reorganization must meet certain standards before it can be approved by the court.  Some of the required elements that must be included in a Chapter 11 plan of reorganization are: A clear designation of the classes of creditors’ claims that will be affected by the plan (a plan proponent (the party […]

Subchapter 5 Bankruptcy – Top 10 Key Benefits

On February 19, 2020, Congress enacted the Small Business Reorganization Act of 2019 (“SBRA”), also known as a Subchapter 5 Bankruptcy, to help small businesses through the bankruptcy restructuring process.  The intent of the Subchapter 5 Bankruptcy is to provide small businesses with a faster and less expensive option for reorganizing under Chapter 11.  For […]