A Banker’s Guide to the Bankruptcy Code’s New Subchapter V

Most bankers understand the major chapters of the bankruptcy code: Chapter 7 (liquidation) and Chapter 11 (reorganization). But what about the relatively new Subchapter V form of bankruptcy?   

Enacted just ​before the COVID-19 pandemic under the Small Business Reorganization Act (SBRA), it provides qualified small business debtors a less expensive, more streamlined process to reorganize debts. While this benefits …