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 Gold Prices Shatter Records: Inflation Data Fuels Rate Cut Speculations READ MORE Jamie Dimon Warns of U.S. Debt Crisis as Nation Adds $2.1 Trillion in Three Months READ MORE Gold’s Behaviour Points to Sustained Strong Demand READ MORE Historic $14M Digital Yuan Transaction for Gold Marks New Era in Cross-Border Trade READ MORE The Alibaba Conundrum and Gold's Rally READ MORE Add a Comment Cancel replyYour email address will not be published.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