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Bankruptcy Basics for Small Business: Is Reorganization Under the New Subchapter V Right for You? Subchapter 5 was added to Chapter 11 of the U.S. Bankruptcy Code in 2019 to make reorganization bankruptcies more The Bankruptcy Rules and new Official Forms have been revised to take account of the provisions of Subchapter V. 1. Definitions of “small business debtor” and “

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What is Subchapter V Bankruptcy?