New US Trustee Program Non-Small Business Reporting Requirements

New U.S. Trustee Program Reporting Requirements for Non-Small Business Chapter 11 Bankruptcy Cases On June 21, 2021, the US Trustee’s Program (USTP) will implement new rules regarding the periodic reporting required in non-small business Chapter 11 bankruptcy cases. The new USTP process requires that Chapter 11 debtors in possession (DIPs) and Trustees file monthly reports…

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Alternatives to Bankruptcy for Small Business

An owner of a business in financial distress may seek options to bankruptcy to liquidate or reorganize the business.   Non-bankruptcy alternatives for either restructuring or liquidation may be less costly and more efficient for the business owner.  Similarly, secured lenders seeking to foreclose on their collateral may find that non-bankruptcy alternatives provide the most cost-effective…

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