{"iri":"https://folio.openlegalstandard.org/RDvfiTck8r1NBeCnCIhFjtS","label":"Debtor's Election of Subchapter V","sub_class_of":["https://folio.openlegalstandard.org/R8zijLH2GH0SxOhIdzeDOs3"],"parent_class_of":[],"is_defined_by":null,"see_also":["https://folio.openlegalstandard.org/R83QnoAqN0L3ZwdIijon5Qc","https://folio.openlegalstandard.org/R8q2sV08aUy0GOxPtz1LhL","https://folio.openlegalstandard.org/R9YGfRBihYvbBNAwyCLJ6t","A Debtor's Election of Subchapter V is a legal choice made by a debtor to proceed under Subchapter V of Chapter 11 in the U.S. Bankruptcy Code, which is designed specifically for small business debtors. This election allows for a more streamlined and less costly reorganization process, providing small business debtors with mechanisms to facilitate quicker and easier debt restructuring."],"comment":null,"deprecated":false,"preferred_label":null,"alternative_labels":[],"translations":{},"hidden_label":null,"definition":null,"examples":[],"notes":[],"history_note":null,"editorial_note":null,"in_scheme":null,"identifier":null,"description":null,"source":null,"country":null}