After Sunset of Higher Thresholds, Is Subchapter V Bankruptcy Still a Viable Option for Distressed Small Businesses?
By Anthony J. D’Artiglio Historically, struggling small businesses looking to the Bankruptcy Code for salvation rather than liquidation had only one option: a proceeding under Chapter 11. Indeed, Chapter 11 has given countless companies the breathing room needed to reorganize and restructure their debts rather than close up shop for