Small Business Bankruptcy Relief Shrinks as Subchapter V Expansion Expires The expiration of the Subchapter V bankruptcy protection filing, which made it easier for small businesses to seek relief, will now complicate the process for those with more than $3 million in debt. This filing type, introduced in 2020 and temporarily expanded during the pandemic, offered a cheaper and less time-consuming alternative to traditional Chapter 11 bankruptcy. It provided benefits such as shorter deadlines, greater flexibility in restructuring plans, and no U.S. Trustee quarterly fees. Data shows that Subchapter V filers had a higher rate of plan confirmation and fewer dismissals compared to other bankruptcy types. The reversion to the lower debt threshold may significantly impact small businesses seeking bankruptcy protection. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Golden Opportunities in a Turbulent World: Precious Metals Thrive Amidst Polycrisis READ MORE Gold Hits Week-High as Investors Eye Fed's Next Move READ MORE Your Ultimate Guide to the Gold Market READ MORE Silver: "A Quadruple From Here Is LOGICAL" READ MORE Americans Prioritize Summer Fun Over Financial Health, Risking Long-Term Debt READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment