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What are the advantages of being treated as a small business debtor?

April 26, 2017advantages debtor small business treated

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What are the advantages of being treated as a small business debtor?

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Being treated as a small business debtor expedites the handling of a Chapter 11 case by dispensing with the necessity of a creditor’s committee, by shortening the period for filing plans, and by simplifying the procedures for obtaining acceptance of a plan.