IN BRIEF -
• The current economic decline caused by the COVID-19 pandemic will result in a surge of debtors in need of bankruptcy protection.
• Subchapter V to the rescue! Despite some burdens on debtors, the advantages...more
Effective February 19, 2020, Congress enacted new bankruptcy legislation granting debtors the option to elect a new subchapter V of chapter 11 of the bankruptcy code (Subchapter V). This was made possible by the bipartisan...more