Bankruptcy Lawyer Discusses New Chapter 11 Bankruptcy Subchapter V For Both Individuals and Small Businesses.
Bankruptcy 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:
- 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.
- 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.
Keep your small business that you have worked so hard to establish. Small business ownership is part of the American dream. It is clear that: Small business Keeps America Growing.
Small businesses create two-thirds of new jobs and deliver 43.5 percent of the United States’ gross domestic product (GDP). In addition to keeping the economy running, small businesses also lead the way in innovation. Small businesses produce 16 times more new patents per employee than large patenting firms do.
I am here to help you reorganize your debts and keep your business open and your employees working. We all want to see small business growing. I am a bankruptcy lawyer and I provide Chapter 11 Business bankruptcy help to you.
If you need a small business bankruptcy lawyer, I am here to help you. Call me for a free bankruptcy consultation.