The Jennis Law Firm, a Tampa based firm, is extremely pleased to announce the addition of Bernard J. “Chip” Morse as senior counsel. Chip brings over 30 years of experience in bankruptcy law and commercial litigation to the firm. Chip is a graduate of Stetson University and will focus his efforts on serving the Tampa and Sarasota communities.
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.