Bankruptcy Law

Subchapter V bankruptcy was put into effect in February of 2020 amid the COVID-19 pandemic. While the subchapter was not created because of the pandemic its timing is nothing short of a blessing. Many small businesses need a quick bankruptcy solution and do not have the time to follow the traditional chapter 11 bankruptcy procedure. In this blog, we will discuss what subchapter V bankruptcy is, the filing process, the costs associated with it, how much time it takes to file, and its benefits.

Jennis Law has become the first law firm to confirm a Subchapter V Bankruptcy case here in the Middle District of Florida. Subchapter V Bankruptcies were put into effect in February of 2020 to streamline the bankruptcy process for small business debtors, and, to provide a more amicable forum with creditors.

Filing bankruptcy for your business is an unfortunate life event, but it doesn’t have to be arduous. In this blog, you’ll learn about the types of bankruptcy, how to file for them, how a lawyer can help, and some possible life rafts to consider before you file.