Since the inception of the new Subchapter V program, only a small number of commercial filers have used the statute
Sub V and Chapter 11 Filing Data from AACER Epiq
Data range is February – September 2020
NEW YORK, Oct. 07, 2020 (GLOBE NEWSWIRE) — Epiq, a global leader in legal services, released the first look at the results of the new Chapter 11, Subchapter V, U.S. Bankruptcy Court filings with a total of 923 new petitions year to date since the program commenced on February 19, 2020. Since then, while the market has been slow to embrace this new filing option, there has been a small but steady increase in month over month filings May to September.
The new statute was made possible by the bipartisan legislation known as the Small Business Reorganization Act of 2019 (SBRA) and was designed to make