Chapter 11 Bankruptcy

Small Business Reorganization

Our attorneys are experienced in representing small businesses and their owners in Chapter 11 reorganizations. Last year Congress enacted Subchapter V to the Bankruptcy Code which makes it easier for small businesses and individuals who have too much debt to qualify for Chapter 13, to reorganize under Chapter 11. Under the CARES Act, the debt limitation for Subchapter V has been temporarily increased from $2,725,625 to $7,500,000. If you or your business is in financial distress and total debt is less than $7,500,000, you are welcome to call or email our office to discuss whether a Chapter 11 filing is a sensible solution.