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Little Falls, NJ 07424

Bankruptcy Help: Chapter 11 Small Businesses Lawyer

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Bankruptcy Lawyer Discusses New Chapter 11 Bankruptcy Subchapter V For Both Individuals and Small Businesses.   

Help is available through the new small business Chapter 11 Bankruptcy Subchapter.

Effective February 19, 2020, a new Subchapter V of Chapter 11 Bankruptcy went into effect.  This new chapter is part of the Small Business Reorganization Act (SBRA).  The SBRA:

  1. Opens the door for both small business and individuals who were previously unable to file bankruptcy due to debt limitations and/or the high costs of filing for Chapter 11.
  2. Provides a significantly less expensive bankruptcy option with a streamlined legal process and timeline.

To see if you and/or your small business could benefit from Chapter 11, call me (Ralph A. Ferro, Jr., Esq. – Cell phone:   201-446-5904) to schedule a free consultation.    

In the past, Chapter 11 Bankruptcies for Individuals and Small Businesses could be cost prohibitive.    However, with the new Chapter 11 Subchapter V for individuals and small businesses, it is a very good bankruptcy option.    Time to file and costs are affordable.   Debt Limits have been increased.

I will personally meet with you and provide you with recommendations for your financial success.