The Chapter 11 Subchapter V was created in 2019 under the Small Business Reorganization Act (SBRA). Sometimes called a "Sub V," it is intended to streamline the bankruptcy process for those engaged in commercial or business activities. Deadlines are established more readily and a Trustee is appointed to assist with the progression of the case. 

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To be eligible for a Sub V, the debtor must have total debt of $3,424,000 or less, with at least 50% of the debt arose from commercial or business debt.

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Districts where we practice bankruptcy:

• Western District of Washington

• Eastern District of Washington

• Western District of Texas

• Northern District of Ohio

• Eastern District of Michigan

 

​Helpful Links:​

• Bankruptcy Basics by the U.S. Courts: https://www.uscourts.gov/court-programs/bankruptcy/bankruptcy-basics/chapter-11-bankruptcy-basics

• A Guide to the Small Business Reorganization Act of 2019 by the Hon. Paul W. Bonapfel: https://www.ganb.uscourts.gov/sites/default/files/sub_v_update_9-30-24_002.pdf

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