Good news for small businesses – Chapter 11 Bankruptcy may now be easier & faster.
We’re happy to let our small business neighbors know that Congress passed new Chapter 11 bankruptcy rules. These changes can have a huge impact on your ability to file bankruptcy. The Small Business Reorganization Act adds a new Subchapter V to Chapter 11 bankruptcies, and those who qualify for these new rules will have a faster, more affordable bankruptcy option. Congress designed this to benefit small businesses who would like to reorganize their debt and continue to operate.
To find out if your business can benefit from these changes or learn about other options, please schedule a free bankruptcy consultation with us. We can go over these new rules in detail and review your case on the phone or in person. Call 503-385-8888