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Honest help with Chapter 11 Subchapter V for people in and around Cherry Hill. Meet entirely by phone or Zoom, or visit our Cherry Hill office.
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Payment PlansFlexible, flat-fee options
100% VirtualMeet over Zoom, never leave homeIf you run a small business in Camden County and the debt has gotten ahead of the revenue, Subchapter V may let you keep the doors open and restructure on terms you can actually meet. It’s a streamlined version of Chapter 11 built specifically for small businesses, faster, less expensive, and far less bureaucratic than a traditional Chapter 11, and it lets the owner stay in control of the company.
Who it’s for. Subchapter V is for small-business owners, and individuals heavily engaged in business, whose total debts fall under the Subchapter V ceiling. That ceiling is currently $3,424,000. It’s a strong fit for the professional practices, contractors, and retail and service businesses common around Cherry Hill and the Philadelphia side of South Jersey.
What it does. You propose a plan to reorganize your debt, usually within about 90 days of filing, keep operating, and in most cases keep your ownership. A Subchapter V trustee helps move the case along, but you stay in charge of the business. There’s typically no creditors’ committee and no separate disclosure statement, which is what keeps the cost and the delay down.
What it’s like. Your case is filed in the U.S. Bankruptcy Court for the District of New Jersey, Camden vicinage. Mike handles business reorganizations personally and stays on your case from filing through plan confirmation.
Free, confidential first consultation by phone or Zoom.
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A Chapter 11 Subchapter V filed from our Cherry Hill office goes through the U.S. Bankruptcy Court for the District of New Jersey (Camden vicinage). Mike practices there regularly and stays with your case from the first call through discharge.
We help people across Camden, Burlington, Gloucester, Salem, Atlantic, Cape May, and Cumberland County and throughout New Jersey.
In most cases, yes. That's the point of Subchapter V, you stay in control and keep operating while you reorganize the debt, and owners typically keep their equity. A trustee helps administer the case but doesn't take over your company.
It's built for small businesses, so it strips out the most expensive and slow parts of Chapter 11, no creditors' committee in most cases, no separate disclosure statement, and a plan filed within about 90 days. That makes reorganizing realistic for a smaller company.
It depends mainly on your total debt, which has to fall under the Subchapter V limit, and on being engaged in business activity. That ceiling is currently $3,424,000. The fastest way to know is a free, confidential call where we look at your numbers.
Free consultation over phone or Zoom. No obligation, just honest answers.
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