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File a Chapter 11 Under Subchapter V

Updated 8/15/2022

Overview

  • Debtor must append to the voluntary petition its most recent balance sheet, statement of operations, cash−flow statement, and Federal income tax return, or a statement made under penalty of perjury that these documents have not been prepared or filed.
  • Provisions of the Small Business Reorganization Act ("SBRA"), effective February 19, 2020, created a subchapter V under chapter 11.
  • Fee: $1738.00

References

Step-by-Step Instructions

Case Opening Screen

  • Select Bankruptcy.
  • Select Open Voluntary BK Case.
  • Chapter - Select 11.
  • Joint Petition - Select n. 
  • Deficiencies - Defaults to n.  Change to y if missing schedules, statements or other required documents or document authorizing the filing of the bankruptcy (for corporations, LLCs and partnerships).
  • When done, click Next to continue.

Search for a Debtor Screen

  • Search for an existing debtor record by entering debtor's Business Name.  Click Search.
  • If no match is found, No person found displays.  Click Create new party.
  • If a possible match is found, parties with the same business name display. 
  • Click a name and the debtor's information displays in a pop up window.
  • If the displayed information is an exact match, click Select name from list.
  • If not an exact match, click Create new party.

Debtor Information Screen

Enter all debtor information exactly as it appears on the petition.

  • Last name, First name, Middle name - Enter exactly as they appear on the petition. Do not use all caps.
  • SSN / ITIN - Leave blank
  • Tax ID / EIN - Enter Tax ID in format of XX-XXXXXXX.
  • Address 1, Address 2, Address 3 - Enter debtor's mailing address.
  • City, State, Zip - Enter debtor's mailing city, state and zip.
  • County - Select current county of principal place of business. 
  • Country - Leave blank, unless outside of U.S.A.
  • Phone, Fax and E-mail - Leave blank.
  • Party Text - Leave blank.
  • Alias - Add, if any. 
  • Corporate parent/affiliate - Add, if any.
  • Click Review… and verify entered information is correct.  Click Return to Party Screen.
  • When done, click Submit to continue.

Divisional Office Screen

  • Click Next to continue.

Statistical Data Screen

  • Prior filing within last 8 years – Select no or yes.
  • Fee status -  Select Paid.
  • Nature of debt - Select appropriate option.
  • Asset notice - Select Yes 
  • Estimated number of creditors - Select appropriate option.
  • Estimated assets - Select appropriate option.
  • Estimated liabilities - Select appropriate option.
  • Small business - A small business debtor is defined in 11 U.S.C. § 101(51D). Select Yes or No.  
  • Subchapter - Check the box to indicate that you are electing to proceed under subchapter V of chapter 11.
  • Chapter 11 Non-individual - Select if appropriate.
  • Type of debtor - Select appropriate option.
  • Nature of business - Select appropriate option.
  • Special categories - Select if appropriate.
  • NAICS (north American Industry Classification System) - Enter 4-digit code that best describes debtor.  Click here for more NAIS info..
  • Click Next to continue.

Summary of Assets and Liabilities Screen

  • Enter values from corresponding schedules.
  • When done, click Next to continue.
  • If data is not available, click Next to bypass this screen.

Plan Due Date Screen

  • This screen displays the Subchapter V Plan due date.
  • Click Next to continue.

Deficiencies Screen

  • This screen displays if deficiencies were noted on the first screen.
  • Check the items NOT included in this filing.
  • Click Next to continue.

PDF Upload Screen

  • Click Browse/Choose File and upload PDF of petition, schedules and statements.  
  • Click Next to continue.

Incomplete Filings Screen

  • This screen displays if deficiencies were noted on the first screen.  
  • The due date defaults to 14 days from date of filing.
  • Click Next to continue.

Filing Fee Screen

  • If paying in full, leave the default amount of $1738.
  • Click Next.  

Final Docket Entry Screen

  • Carefully review the final docket entry. 
  • If incorrect, use your browser back button to the applicable screen to make corrections.
  • If correct, click Next to file your case.
  • If fees are due, a Summary of current charges displays in a separate window.  Click Pay Now or Continue Filing.  

Notice of Bankruptcy Case Filing

Next Steps