Bankruptcy can be a lengthy and expensive process — Chapter 11 can cost businesses $40,000 to $75,000. Fortunately, as Lamar Hawkins writes for InBusiness, Arizona businesses now have a more efficient option: Subchapter V Chapter 11 bankruptcy.
Lamar, who confirmed Arizona’s first Subchapter V 11 bankruptcy, shares how Subchapter V 11 streamlines the route for businesses to bounce back, ultimately saving them time and money.
One of the state’s leading bankruptcy attorneys, Lamar assists clients with all phases of commercial and consumer debt workout and bankruptcy services, including reorganization, liquidation, financial workout negotiation, creditors’ rights and bankruptcy-related tax issues. He serves as the chair of the Arizona Board of Legal Specialization’s Bankruptcy Law Advisory Commission.