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More on the Small Business Bankruptcy Designation

By Bob Lawless

A few days ago, I posted on the small-business designation in chapter 11 and how it appears to be honored in the breach. That post prompted further discussion on a listserv for bankruptcy professionals, which in turn led to a summary and some interesting comments from Michael Good on his own blog. Good is a bankruptcy lawyer in the Los Angeles area and does a lot of work with financially distressed small businesses. Whether you agree with Good, his post is worth a read, especially the part where he discusses how the traditional law firm business model might pushes lawyers away from pursuing clients who might have small business 11s.

Full post as published by Credit Slips on May 04, 2010 (boomark / email).