Category: Indiana Business Attorney
Chapter 5 Bankruptcy may be just the lifeline that troubled small businesses need.
Since I don’t practice bankruptcy law, I am just now learning about the new Chapter 5 bankruptcy provision that went into effect February 2020. Subchapter 5 is intended to be a simplified and less-costly alternative to a Chapter 11 reorganization. Chapter 5 is much like a Chapter 11, but there is no creditors committee. Effectively, […]
Analysis of Two Months of Nextgear Filings – Only 7% of defendants hired an attorney
We just completed an analysis of two months of suits filed by Nextgear Capital, Inc. in Hamilton County, Indiana. Nextgear filed 127 cases. Of those cases, only 9 defendants hired an attorney. Six hired an assortment of other attorneys, and three hired us. Only seven percent of Nextgear defendants hired an attorney. Of the cases […]
