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Owners of hospitality properties, which are considered “operating businesses,” owing less than $7.5 million may want to consider filing for Subchapter V bankruptcy to restructure their business and relieve their financial troubles.
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February 2021
 
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Small Business Reorganization Act: Resolving Financial Hardship Amidst a Pandemic Economy
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February 23, 2021 via Lodging Magazine
Owners of hospitality properties, which are considered "operating businesses," owing less than $7.5 million may want to consider filing for Subchapter V bankruptcy to restructure their business and relieve their financial troubles. Bankruptcy has often carried a grave stigma that many businesses have wanted to avoid, but that notion should be abandoned. Using bankruptcy to resolve financial misfortune caused by the coronavirus pandemic should carry little disgrace. Deciding to utilize bankruptcy is a difficult decision for any company. After learning how bankruptcy can absolve seemingly insurmountable debt and restore business prosperity, many owners may conclude it to be a rational solution.
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