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New Subchapter V of Chapter 11, Dealing Exclusively With Small Business Reorganization Cases, Becomes Effective on February 19, 2020

The new law is designed to simplify and streamline the Chapter 11 process for small businesses (those owing less than $2,725,625 in total non-contingent, liquidated debts), reducing the amount of time Debtors spend in a bankruptcy case and their costs to confirm a Chapter 11 plan. Please contact Scott Charmoy if you need to explore reorganizing your small business under this new law.

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I had a challenging and different case where someone was declaring bankruptcy to avoid paying me. I needed an attorney who understood bankruptcy law and who would be sympathetic to helping me since I am a small woman owned business where a debtor was trying to hide behind bankruptcy protection to...

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