Law360 (April 16, 2021, 10:01 PM EDT) — Nearly 14 months since the newest facet of Chapter 11 was enacted, a growing body of case law has brought into focus the standards that restructuring counsel must meet in order to steer their clients through the streamlined process tailor-made for small businesses called Subchapter V.
At the virtual spring conference of the American Bankruptcy Institute this week, a panel of experts peeled back the curtain on the inner workings of Subchapter V of the Bankruptcy Code, enacted in February 2020 to provide a cheaper and faster track through bankruptcy for small business debtors. The new procedures remove some costly and…
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