How Chapter 11’s Subchapter V Affects Commercial Bankruptcies
Subchapter V is a new addition to Chapter 11 of the bankruptcy code that helps expedite the overall bankruptcy process for certain small businesses. It can assist small businesses in a faster and more cost-effective reorganization.
Attorneys Expect Bankruptcies to Rise in Arkansas and Elsewhere
Coronavirus has caused a number of once-solvent businesses to shift towards bankruptcy due to severe revenue loss. The Little Rock area is no exception: hospitality, retail and travel-related businesses may need to consider alternative debt repayment options to stay afloat.
How to Know if Chapter 11 Bankruptcy is Right For Your Business
Understanding the basics of Chapter 11 Bankruptcy is the first step in determining if this path is right for you. There are a lot of variables that go into the decisions, so it’s important to talk with a qualified bankruptcy attorney.