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Subchapter V of the Bankruptcy Code was created under the Small Business Reorganization Act of 2019 (SBRA), which became effective on February 19, 2020.  Most corporate restructuring attorneys will tell you that Subchapter V has been tremendously successful. Upon enactment, small business debtors with less than...

Bankruptcy Code section 1189(b) permits bankruptcy courts to extend the deadline to file a Subchapter V plan “if the need for the extension is attributable to circumstances for which the debtor should not justly be held accountable.” Courts agree this is a higher standard than...

The Supreme Court of the United States issued a landmark decision in Bartenwerfer v. Buckley, 21-908 (Sup. Ct. Feb. 22, 2023). In Bartenwerfer, the Court addressed whether a non culpable, passive partner of a legal partnership could discharge debt that arose from an active partner’s fraud. In an...

My company is in financial distress.  How can it afford to pay a lawyer to file for bankruptcy when it can’t even pay its bills? This is a question Dal Lago Law gets asked quite often. Of course, there are costs for filing a bankruptcy, particularly...