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New Jersey Small Business Bankruptcies: What is Subchapter 5?

Subchapter 5 bankruptcies are a relatively new type of bankruptcy proceeding created by the Small Business Reorganization Act (“SBRA”) — 11 U.S.C. §§ 1181, et seq. The SBRA was passed by Congress in late 2019 and became effective in mid-February

By |2021-03-29T19:55:40+00:00Jan 7th, 2021|Bankruptcy, Blog|0 Comments

New Jersey Businesses With Less Than $7.5 Million in Debt: Time is Running Out to File Bankruptcy Under Subchapter 5

If you own a New Jersey business with less than $7.5 million in qualified debt and you are considered filing for bankruptcy protection, time is running out to file under Subchapter 5. With the continuation of the COVID-19 pandemic, many

By |2021-03-29T19:59:54+00:00Jan 1st, 2021|Blog|0 Comments

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