Rubin & Levin partner Jim Rossow joins a national speaker faculty for the National Business Institute’s presentation titled Subchapter v of Chapter 11: Lessons Learned Two Years In. The Live Video Webinar will occur on November 17, 2022 from 2 pm to 5:15 pm (EST). Registration and more information is here.
A business debtor filing bankruptcy under Chapter 11 and meeting certain criteria can now elect to proceed under Subchapter V. Commonly called a “Sub V,” this particular form of small business reorganization was created in 2019 by the Small Business Reorganization Act (SBRA). Sub V cases are treated differently than a traditional Chapter 11 case in various ways that can accelerate deadlines and reduce hurdles to confirmation of a plan of reorganization. The goals of Sub V are to streamline small business reorganization and make the process less expensive for small business debtors (and potentially for their creditors too). Not all small businesses are eligible to proceed under Sub V. Contact Jim Rossow or any of the other Rubin & Levin bankruptcy attorneys for more information.