Subchapter V of the Bankruptcy Code and How This Can Help Small Businesses
The unprecedented crisis brought on by the coronavirus has hit every facet of the economy. Companies that were operating profitably and with robust growth expectations have been decimated by the impact on the health of employees and customers, of stay at home orders and disruptions to supply chains. Federal and state plans to mitigate the impact continue to roll out, but it is clear that the economy will experience devastation not seen since the Great Depression.
In this time of uncertainty, companies must plan for every conceivable outcome. Small companies in particular are especially vulnerable and must assess all tools at their disposal in order to survive.