Nashville Chapter 11 Attorney Robert Gonzales Offers Testimony to ABI's Subchapter V Taskforce
On June 23, 2023, EmergeLaw partner and Nashville Chapter 11 attorney Robert Gonzales testified at the virtual public hearing sponsored by the American Bankruptcy Institute's Subchapter V Taskforce. The specific topic of the June 23 hearing was eligibility for Subchapter V relief.
The ABI's Subchapter V Task Force is committed to reviewing the implementation and administration of subchapter V of chapter 11 of the Bankruptcy Code. The Task Force will study and evaluate case law and statistical data under subchapter V from February 19, 2020, through and including the present. This study will consider, among other things, how the subchapter is working in practice and whether it is achieving certain underlying objectives, such as assisting debtors and creditors in resolving the reorganization cases of small- and medium-sized businesses more effectively and efficiently, and what may be needed to improve its effectiveness. The Task Force intends to memorialize the results of its study in a written report.
Click here to access the ABI's Subchapter V Taskforce web page, along with video of the hearings.
The American Bankruptcy Institute is the nation’s largest association of bankruptcy professionals, made up of over 12,000 members in multi-disciplinary roles, including attorneys, auctioneers, bankers, judges, lenders, professors, turnaround specialists, accountants and others. ABI is committed to serving our members with high-quality conferences, comprehensive continuing education, effective legal research, and dynamic networking opportunities.
About EmergeLaw, PLC
EmergeLaw is a boutique law firm that represents small and middle market businesses and their owners in debt workouts, Chapter 11 reorganizations, Subchapter V restructurings, and other proceedings to help them deleverage and reposition for future success. Applying decades of experience and a specialized toolkit, our Nashville insolvency attorneys help entrepreneurs, family businesses, private equity funded companies, and real estate investors maximize value in ways that many clients find unexpectedly efficient and effective.