{"iri":"https://folio.openlegalstandard.org/R9YGfRBihYvbBNAwyCLJ6t","label":"Chapter 11 Bankruptcy Plan - Streamlined","sub_class_of":["https://folio.openlegalstandard.org/R1W2OHCPzGzlYUi4okC4bJ"],"parent_class_of":[],"is_defined_by":null,"see_also":[],"comment":null,"deprecated":false,"preferred_label":"Subchapter V Bankruptcy Plan","alternative_labels":["Chapter 11 Bankruptcy Plan - Small Business","Subchapter 5 Bankruptcy Plan"],"translations":{"en-gb":"Chapter 11 Bankruptcy Plan - Small Business","de-de":"Insolvenzplan nach Kapitel 11 - Kleine Unternehmen","es-es":"Plan de bancarrota del Capítulo 11 - Pequeñas empresas","es-mx":"Plan de bancarrota del Capítulo 11 - Pequeñas empresas","fr-fr":"Plan de faillite du chapitre 11 - Petite entreprise","pt-br":"Plano de falência do Capítulo 11 - Pequenas empresas","he-il":"תוכנית חדשות פשיטת רגל פרק 11 - עסקים קטנים","hi-in":"अध्याय 11 दिवाला योजना - छोटे व्यवसाय","ja-jp":"第11章倒産計画-中小企業","zh-cn":"第11章破产计划-小企业"},"hidden_label":null,"definition":"A Subchapter 5 Bankruptcy Plan is a specialized form of Chapter 11 bankruptcy that caters to small business debtors, offering a more streamlined and less expensive path to debt restructuring and reorganization. Unlike traditional Chapter 11 cases, a Subchapter 5 Plan often allows the business owners to retain ownership and control while confirming a plan to repay creditors, and it usually eliminates the need for a creditors' committee.","examples":[],"notes":[],"history_note":null,"editorial_note":null,"in_scheme":null,"identifier":null,"description":null,"source":null,"country":null}