# Chapter 11 Bankruptcy Plan - Streamlined

**IRI:** https://folio.openlegalstandard.org/R9YGfRBihYvbBNAwyCLJ6t

## Labels

**Preferred Label:** Subchapter V Bankruptcy Plan

**Alternative Labels:**

- Chapter 11 Bankruptcy Plan - Small Business
- Subchapter 5 Bankruptcy Plan

**Translations:**

- de-de: Insolvenzplan nach Kapitel 11 - Kleine Unternehmen
- en-gb: Chapter 11 Bankruptcy Plan - Small Business
- 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
- 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
- pt-br: Plano de falência do Capítulo 11 - Pequenas empresas
- zh-cn: 第11章破产计划-小企业

## 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.

## Sub Class Of

- https://folio.openlegalstandard.org/R1W2OHCPzGzlYUi4okC4bJ

**Deprecated:** False