Leech Tishman has a depth of experience representing business clients in Chapter 11 Subchapter V Bankruptcy proceedings in which the defendant is permitted to reorganize debt and continue business operations.

Subchapter V was added to the Small Business Reorganization Act of 2019 in an effort to streamline the process and make it more affordable for small businesses filing for Chapter 11 Bankruptcy. Generally, eligibility is limited to small businesses having a limited amount of debt. If the business does not meet the requirements set forth in Subchapter V, their filing will be converted to a standard Chapter 11 Bankruptcy case.

It is important to consult with an experienced bankruptcy attorney prior to filing a bankruptcy case, as this type of litigation can be costly and time consuming.

Leech Tishman’s attorneys provide clients with a strong, cost-effective legal strategy that minimizes tax obligations and protects their financial and business interests.