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Archives of #Subchapter V

Coronavirus financial pressure: When should a small business consider filing for bankruptcy

A new, streamlined bankruptcy option makes the process less daunting, and less expensive for small businesses By Brittany De Lea – FOXBusiness Coronavirus-related stay-at-home, lockdown and social distancing measures have put pressure on small businesses throughout the U.S., which means some business owners may want to explore a formal restructuring through bankruptcy. Joe Pack, an […]...

CARES Act expands small business access to less expensive, quicker bankruptcy option

Here’s what you need to know about Chapter 11’s new Subchapter V. By Brittany De Lea – FOXBusiness As the coronavirus pandemic weighs on businesses around the U.S., a new bankruptcy option that was expanded under the CARES Act may be able to help some small businesses navigate the crisis. Companies around the country have […]...