Navigating Subchapter V: Legal Tools for Businesses

Subchapter V of Chapter 11 offers small businesses with limited debt significant benefits, including a less expensive and streamlined process for restructuring their debts. Subchapter V also has several key differences from a traditional Chapter 11 case, however, and moves at a quick pace. Practitioners who service small businesses should be aware of these distinctions before filing a case so they can navigate the process with agility. This course will offer an overview of the Subchapter V bankruptcy case,

Attorneys will learn the basics of filing for bankruptcy under Subchapter V of Chapter 11, including who is eligible, important deadlines, the role of the Subchapter V trustee, key distinctions between Subchapter V and traditional Chapter 11 cases, and the plan confirmation process.

This program is designed for newly admitted attorneys and those seeking a basic understanding of the Subchapter V process. Financial advisors who work in small business bankruptcy cases may also benefit from the presentation, as it provides guidance on how to effectively collaborate with attorneys on Subchapter V cases.

Learning Objectives:

1. Review who is eligible to file for Subchapter V.
2. Examine the key benefits for Subchapter V Debtors.
3. Differentiate Subchapter V from a traditional Chapter 11 bankruptcy case.
4. Evaluate what the role of a Subchapter V trustee is.
5. Recognize the key deadlines in a Subchapter V case.
6. Explore the basic Subchapter V process, from filing through plan confirmation and beyond.