The Orantes Law Firm prides itself in it's ability to provide the needed relief for Chapter 11 debtors under the Subchapter V provisions. Our track record speaks for itself having confirmed more than 50 Chapter 11 plans.
Following the amendments made to the Bankruptcy code in 2005, small business debtors have continued to struggle amidst economic turmoil and persistent predatory lending practices that plagued their efforts to reorganize under Chapter 11 of the Bankruptcy Code. Finally after an outcry of from small business debtors to further amend the bankruptcy code on August 23, 2019 the Small Business Reorganization Act of 2019 was signed into law. In an effort to lower costs, and increase the speed of which Chapter 11 cases under the Bankruptcy code proceed, a new subchapter of Chapter 11 dubbed the Subchapter V was created that would apply solely to small business debtors with less than $2,725,625 taking into account certain exceptions of secured and unsecured debts.