Anticipating a tsunami of bankruptcies coming at Arizona companies, Lamar Hawkins penned an article for Phoenix Business Journal alerting them to a new option that gets them back on their feet faster.
Lamar, one of Arizona’s leading bankruptcy attorneys, recently confirmed the state’s first Subchapter V 11 bankruptcy. In his guest column, he explains what a Subchapter V 11 entails and how its streamlined process can be confirmed within five months — ultimately saving companies as much as 50% in legal fees.
Serving as chair of the Arizona Board of Legal Specialization’s Bankruptcy Law Advisory Commission, 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.