By Christopher R. Schmidgall | Published May 1, 2022 | Posted in Bankruptcy | Tagged Tags: Chapter 11, Small Business Reorganization Act, subchapter v | Leave a comment
The Advantages of Subchapter V Small Business Bankruptcy
In the past, small businesses in dire financial straits did not have a lot of options in filing for bankruptcy. A Chapter 7 bankruptcy usually meant going out of business. A traditional Chapter 11 reorganization, involving significant costs and fees and stringent oversight, was usually too expensive and cumbersome for smaller companies. However, the passage Read More
Read MoreHigh Profile Business Bankruptcies in 2020 Take a Toll on Individuals
Throughout the United States, the COVID-19 pandemic and other factors have contributed to more than 600 corporate bankruptcies during 2020. Retailers, energy suppliers and health-care providers faced particularly intense challenges, but nearly every sector of the economy has been hurt by the lockdowns, outbreaks and fears that have affected the country for most of the Read More
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About Victoria Bain joined Weiss, Schmidgall & Hires as an associate attorney in 2023. She is licensed to practice law in both Indiana and Illinois. She is a graduate of the University of Illinois Chicago School of Law and earned her Bachelor of Arts in Political Science from Valparaiso University. Victoria has been practicing law…
For more than twenty years, Christopher Schmidgall has helped individuals and small businesses in Northwest Indiana and the Northern District of Illinois navigate some of the most difficult financial moments of their lives. He takes pride in working closely with clients who are struggling financially, helping them find real solutions and a path toward financial freedom. Chris became a Board Certified Consumer Bankruptcy Specialist through...
Attorney Amanda C. Hires is an experienced Indiana criminal defense attorney serving clients throughout Lake County, Porter County, and Northwest Indiana. She is dedicated to protecting the rights, freedom, and future of individuals facing criminal charges and related legal matters. Amanda provides strategic...
Jessica McPheeters is an attorney licensed to practice law in Indiana, providing legal services in estate planning, probate, real estate, business matters, and civil litigation. She represents individuals, families, and businesses with a practical, results-driven approach focused on clear guidance and effective advocacy. Jessica has significant trial experience and regularly represents clients in complex civil matters. In addition to her private practice...
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