KEY FEATURES & BENEFITS

OF SUBCHAPTER V
 

• Elimination of the requirement to pay quarterly Trustee fees;

• Abrogating the absolute priority rule;

• Quick confirmation of a plan;

• An impaired accepting class is not required;

• No disclosure statement required;

• No mandatory appointment of a creditors committee;

• Appointment of a Subchapter V trustee to assist in developing a plan, while leaving the debtor in possession of its assets and in control of its business;

• The exclusive right (which cannot be terminated) to file a plan;.

• The ability to pay administrative expenses over time under a plan.