In an article published by the Midland Daily News, Warner partners Susan Cook and Rozanne Giunta write about changes to federal bankruptcy law that will make it easier and less expensive for small businesses and family farmers to restructure or shed their debt. The COVID-19 pandemic has continued to rattle the global economy and we’re seeing its effects in Michigan with an increase in Chapter 7, 11 and 13 bankruptcy filings. With these changes in federal bankruptcy law, more small businesses will become eligible to file, the process will be streamlined and it will become easier for owners to retain equity.
Read the full Midland Daily News article here for insight into the specifics of these changes to Chapter 11 and 12.
