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Chapter 11 – New Subchapter V: Small Business Reorganization Act

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NEW SUBCHAPTER V OF CHAPTER 11 BANKRUPTCY

For Both Individuals and Business Entities:

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.    

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