Subchapter V Bankruptcies Surge: Small Businesses Seek Relief

Subchapter V bankruptcy filings surge, reflecting financial strain on small businesses and individuals alike. This federal program, designed for smaller companies, has seen a record number of cases, with over two thousand two hundred filings this year. The increase is faster than the general rate for Chapter Eleven bankruptcies, indicating a broader need for financial relief.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.