Tag Archives: restructuring
When Can a Company File a Chapter 22 Bankruptcy Case?
Chapter 11 bankruptcy cases focus on relieving a company’s debt and restoring solvency. A Chapter 11 plan allows the company to continue operating while under protection from creditors, to renegotiate contracts and leases, to sell off nonprofitable assets, to restructure debt and payment obligations and to obtain new financing. A successful Chapter 11 lets the […]
Why Might an Individual Debtor Opt for Chapter 11?
Chapter 11 bankruptcy is usually associated with business reorganizations, but it is available to individual debtors in certain circumstances. A Chapter 11 allows for a reorganization and partial repayment of debt over time, after which the individual’s remaining debt can be fully discharged. Individuals who may benefit from Chapter 11 include professionals, business owners, people […]
How Does a Small Business Meet the Subchapter V Debt Limit?
Subchapter V of Chapter 11 of the U.S. Bankruptcy Code provides a streamlined and cost-effective reorganization process tailored specifically for small businesses. Introduced by the Small Business Reorganization Act of 2019 (SBRA), this remedy is aimed at making bankruptcy more accessible for small business owners, enabling them to retain control of their operations while restructuring […]
