Protecting Your Small Business During Subchapter 5 Bankruptcy
The idea of filing for bankruptcy while protecting your personal assets and maintaining your business may sound too good to be true. Luckily for you, the Small Business Reorganization Act (SBRA) presents an opportunity for individuals to restructure their operations and get relief from personal guarantees on business debt. In Port St. Lucie, Palm City and surrounding Florida communities, you can turn to Jon L. Martin, Attorney at Law for guidance. Founding attorney Jon L. Martin has more than 40 years of combined legal and business experience, including helping individual business owners protect their assets in Subchapter 5 bankruptcy proceedings.
A Win-Win-Win Proposition
The unique structure of SBRA allows individuals to eliminate unsustainable personal and business debts while taking advantage of Subchapter 5 to restructure operations. This can ensure profitability and retain jobs for employees, leading to continuing income and sales tax revenues for government entities.
Creditor Approval Not Required
Unlike a standard Chapter 11 filing, Chapter 11 Subchapter 5 filings do not require the approval of creditors as long as the court determines that the debtor’s plan is “fair and equitable”. Attorney Martin will work to structure your filing to increase the chances of meeting the “fair and equitable” standard and being able to fully benefit from Chapter 11 Subchapter 5 of the bankruptcy code.
Get An Experienced Attorney On Your Side
Attorney Martin can guide you through the complexities of the Chapter 11 Subchapter 5 filing process. Call 772-230-7015 to schedule a consultation.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.