05 Oct 2021
Should Your Client File Bankruptcy?
You represent a small business that is failing to meet its financial obligations and wants to reorganize. Your client asks you to explain the differences between filing a small business bankruptcy and a Chapter 11.
Related Content
- Subchapter V and Small Business Case Filing Chart
See this chart for the requirements for filing a Subchapter V and a small business case.
- Subchapter V Decision Tracker
Check this tracker for the latest case law on Subchapter V.
- Chapter 11 Proceedings
Review this practice note for an overview of the Chapter 11 process.
- Filing for Chapter 11 Bankruptcy Resource Kit
Use these Practical Guidance resources when filing a Chapter 11 bankruptcy proceeding.
- Assessing a Workout
See this practice note for a discussion of the various considerations that go into whether a company should initiate a workout.
Practical Guidance Updates
Featuring the latest updates from your Practical Guidance account.
- Second Circuit Applies Taggart Standard to Orders Declaring Home Mortgage Loans Current
- Joinder to Confidentiality Agreement (Out-of-Court Restructuring)
- Document alerts allow you to stay current on legal developments that affect your practice. Find out how to set up your document alerts.
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