Petition Filing: Chapter 11 Small Business Case Under Subchapter V
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11 U.S.C. Related Topics: Ch. 11 SmBus Sub V: Procedural Orders, Ch. 11 SmBus Sub V Plan (Filing), Scheduling Ch. 11 SmBus Sub V Plan Confirmation Hearing, Ch. 11 SmBus Sub V Confirmation, Ch. 11 SmBus Sub V: Consensual Plan, Ch. 11 SmBus Sub V: Non-Consensual Plan |
Subchapter V is an alternative procedure a chapter 11 small business debtor may elect to use to simplify and expedite the bankruptcy process.
PETITION FILING
Filing Requirements:
Same requirements as Chapter 11 Small Business cases, with the exception that the Chapter 11 Statement of Your Current Monthly Income (Form 122C2) is not required.
See Filing Case in ECF (Open a BK Case)
See Chapter 11 Small Business Case
How a Chapter 11 Small Business Subchapter V is Designated:
An Individual debtor will file the Petition (Form 101) and check the appropriate box in Item 13 of Form 101 to elect to be a small business under Subchapter V.
A Non-Individual debtor will file the Petition (Form 201) and check the appropriate box in Item 8 on Form 201 to elect to be a small business under Subchapter V.