Schafer and Weiner Quickly Confirms Subchapter V Bankruptcy Case

June, 2023

Subchapter V Bankruptcy Cases ordinarily take six (6) months or longer. But with pre-planning, the case can move much more quickly. John Stockdale, Jr. and Michael E. Baum represented an independent distributor of new and used telephone equipment in its Subchapter V case. Due to their aggressive pre-planning, Schafer and Weiner was able to file a confirmable plan of reorganization days after the bankruptcy case was filed and obtain an order shortening the time to file proofs of claim in the case. That allowed the debtor to minimize creditor conflicts in the case and consensually confirm its plan of reorganization in record time – only 80 days after the case was filed.