Last resort of bankruptcy is rising for small businesses across U.S.
Subchapter V bankruptcy filings, which most small businesses now use, are running above last year’s level, according to the American Bankruptcy Institute. Chapter 11 of the U.S. Bankruptcy Code was revised in 2019 to make it simpler and more cost-effective for small companies to reorganize debts. But bankruptcy, through Subchapter V or otherwise, may not … Read more