Subchapter V is a subsection of Chapter 11 bankruptcy. Lawmakers created this option with the intent to help small businesses survive after difficult times. It differs from a traditional Chapter 11 in that it generally costs less and has fewer procedural requirements....
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Year: 2022
Update on CARES Act increase to Subchapter V debt limit
The Coronavirus Aid, Relief, and Economic Security (CARES) Act included an array of provisions to help the country get through the pandemic. One of which that helped small businesses continue operations was an extension of the debt limit under Subchapter V of Chapter...
Reducing the risk of lawsuits and investigations
A civil lawsuit or investigation by a government agency can derail a company's goals while diverting precious time and resources from business operations. Business leaders who want to limit their exposure to such problems can help themselves by following a few...
What should I know about the Automatic Stay?
Using bankruptcy to help restructure a business can provide an opportunity to make it through financially tough times and start fresh. Business owners who are considering this option likely have a lot of questions. One common set of questions revolves around the...
Business valuation: A primer for 2022
Whether looking to sell a business to retire or move forward with other opportunities, one of the first steps is to get an accurate estimate of the business’ worth. This business valuation process is more than just a quick estimation of the business’ worth. It is a...
Reports of decreased business bankruptcy paint an inaccurate picture
Those who take a cursory look at the data may think businesses did pretty well through 2021. Major news outlets like Bloomberg Business report large business bankruptcies, or those involving companies that have $50 million or more in liabilities, dropped almost in...
Chipman Brown Strengthens Its New York Office & Litigation Practice
Chipman Brown Cicero & Cole is pleased to announce that Josh has joined the firm as a partner in its New York office. Josh practices in the areas of Complex Commercial Litigation and Corporate Litigation and Counseling. Josh has substantial experience on an...