MIAMI, FL- June 10, 2024- Bast Amron Of Counsel Jaime Leggett authored a blog titled “SUBCHAPTER V: A GAME-CHANGER FOR SMALL BUSINESS BANKRUPTCY” published in the Miami-Dade Bar Blog Section.
“Many smaller businesses face substantial financial troubles, but think that their legal options are limited. However, the results of Subchapter V are showing that not to be the case. Rather, Subchapter V is proving to be a cost-effective and efficient option, allowing businesses to address their debts more quickly while remaining in control, as revealed by, an April 19, 2024 report from leading organization the American Bankruptcy Institute (ABI). Subchapter V is open to businesses with less than $7.5 million in debts, and for them, it is a better alternative to the traditional Chapter 11 process.”
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