Chapter 11 Subchapter V Bankruptcy Lawyer
Streamlined reorganization for small businesses. Keep operating while restructuring debt under a court-approved plan.
Reorganize and stay open
Subchapter V is a faster, lower-cost version of Chapter 11 built for small businesses, keeping the owner in control while debt is restructured.
What Subchapter V offers
- Stay open while you reorganize
- No creditors' committee required
- Faster and lower-cost than traditional Chapter 11
- The owner stays in control of the business
Good to know
- You stay in control as the debtor in possession
- Plans typically run 3 to 5 years
- Built for smaller companies, not large corporations
- We prepare and shepherd the court-approved plan
The Subchapter V Roadmap
A clear path to restructuring your debt while you keep the business running.
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1
Step 1 of 10
Free consultation
Phone or Zoom, zero obligation. We review your business debts, your finances, and where you want the company to land.
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2
Step 2 of 10
We confirm you qualify
Subchapter V is for smaller businesses under the current debt limit, with mostly business debt. We check your numbers and tell you honestly if it fits.
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3
Step 3 of 10
We gather your financials
Your books, debts, assets, and recent operating numbers. You pull what you have, we organize the rest.
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4
Step 4 of 10
We file
The petition goes in and the automatic stay immediately stops collection, lawsuits, and creditor pressure. You keep running the business.
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5
Step 5 of 10
A Subchapter V trustee is appointed
A trustee is assigned to help everyone reach a workable plan. They do not take over your business, you stay in control.
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6
Step 6 of 10
You run the business as usual
As the debtor in possession you keep operating. You open the required accounts and file simple monthly reports, and we guide you through it.
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7
Step 7 of 10
Status conference
Within about 60 days, a short conference with the court to map out the path to your plan.
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8
Step 8 of 10
We build your reorganization plan
Within about 90 days, we file a plan that restructures your debt around what the business can realistically afford. In Subchapter V, only you can propose the plan.
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9
Step 9 of 10
Plan confirmation
The court approves your plan, even over creditor objections, as long as it commits your projected income for the next 3 to 5 years.
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10
Step 10 of 10
You complete the plan
You keep operating and make your plan payments. When the plan is done, your business emerges with restructured, manageable debt.
Chapter 11 Subchapter V questions
Can I keep running my business?
Yes. You stay in control as the debtor in possession and keep operating while you reorganize.
Does my business qualify?
Subchapter V is built for smaller businesses under the current debt limit. We will review your numbers and tell you honestly whether it fits.
How long does it take?
The plan is generally due within about 90 days of filing, and repayment usually runs 3 to 5 years.
Is it cheaper than a traditional Chapter 11?
Yes. Subchapter V removes the creditors' committee and quarterly trustee fees, which makes it faster and lower-cost.