Small-Business Relief Through Subchapter V
One thing that we understand as well as any firm can is that when a business files for bankruptcy, it’s not only a business. It’s a person making a difficult decision, made no easier by the fact that this problem stems from a pandemic that they have no control over.
At Minnillo Law Group Co., LPA, our firm’s long history of helping businesses in Ohio and northern Kentucky means we are trusted with the sensitive nature of bankruptcy. We understand where our clients live and what it means for them to come to us. In hard times, we’re there and we get people – and businesses – through it.
The CARES Act Changed The Bankruptcy Code
Right now, because of the coronavirus pandemic, businesses of all sizes struggle to pay their bills and keep open. The situation has forced business owners to adapt in many ways, forcing them to accept thinner and thinner profit margins.
According to the National Law Review, the Small Business Reorganization Act of 2019 made some key updates to the law to provide small businesses relief in difficult times. This has been taken one step further by the recently passed “CARES Act.” The updates to the legal code are complicated and demand the attention of one of our attorneys to explain how it applies to you and how to best move forward.
Helping Small Businesses
When you realize that your business cannot go on as it was and that the coronavirus has dealt a blow you might not recover from, it’s time to reach out. It’s natural to feel helpless, but with our assistance, we can help you gain some measure of control.
This is a stressful, painful moment for everyone. The attorneys at Minnillo Law Group Co., LPA, are here to help you. Call or email us to know how we can assist you.
We are a law firm and a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.