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Although Chapter 11 of the U.S. Bankruptcy Code contains provisions addressing small business debtors, many small businesses still struggle when filing for Chapter 11. Small businesses seeking debt relief through Chapter 11 often faced high costs, procedural challenges, and other roadblocks along the way.
Effective February 20, 2020, the Small Business Reorganization Act (SBRA) added a new Sub V (SBRA) to Chapter 11 bankruptcy. The SBRA was created to facilitate the process and address the unique concerns of small business owners filing for bankruptcy.
At Deos Law, PC, we represent clients in Sub V cases bringing outstanding results, better payment terms, and ensuring stronger, stable businesses emerge from Sub V bankruptcy. Call 916-442-4442 now to schedule a free consultation.
Call Deos Law, PC at 916-442-4442 to schedule your free consultation today.
When filing for Sub V bankruptcy, small businesses enjoy greater protection, more flexible confirmation provisions, and a more economical process. The Act applies to business owners with secured and unsecured debts valued at less than $3,024,725.00.
We encourage you to discuss your business’s financial concerns with us. We can explain the ins and outs of the SBRA and help you navigate your bankruptcy with ease.
If your business has faced challenges due to the coronavirus pandemic or another set of unfortunate events, a Subchapter V might be the lifeline you need. Schedule a consultation with Linda Deos, a seasoned bankruptcy lawyer based in Sacramento, California. If a Subchapter V proceeding is the way forward, Linda will accompany you at every step, ensuring you're not alone during this period.
In today's uncertain times, many businesses are struggling to survive. The coronavirus pandemic has brought about unprecedented challenges, causing a significant economic downturn. Even without the current crisis, businesses can face financial difficulties due to various factors such as changes in market demand, unexpected expenses, or legal issues.
If you're a business owner facing these challenges and considering filing for bankruptcy, a Subchapter V proceeding might be the best solution for you. This type of bankruptcy was introduced in February 2020 as part of the Small Business Reorganization Act (SBRA). It is specifically designed for small businesses with debts totaling less than $3,024,725.00.
Allow Linda Deos to support you in keeping your business moving ahead, even in the toughest of times. Make an appointment to meet with her today.
Have Questions?
Call Deos Law, PC at 916-442-4442 today to speak to an attorney.
Disclaimer: We are a debt relief agency. We help people file for bankruptcy relief under the bankruptcy code.
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Disclaimer: We are a debt relief agency. We are attorneys who help people file for bankruptcy relief under the bankruptcy code.
The information on this website is for general information purposes only. Nothing on this site should be taken as legal advice for any individual case or situation. This information is not intended to create, and receipt or viewing does not constitute an attorney-client relationship.
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