While bankers are familiar with Chapter 7 and Chapter 11 of the bankruptcy code, many remain unclear on the relatively new Subchapter V form of bankruptcy. Akerman Jacksonville Office Managing Partner Christian George and co-author Jason Alpert endeavor to change that in a new article published by the Risk Management Association. 

The article notes that these types​ of filings are expected to become more prevalent than Chapter 11 filings. It explains how banks can mitigate their potential risks by proactively understanding Subchapter V and creating systems and processes to work through its nuances.