Latasha Transrina KebeUNWINEWITHTASHAK · Influencer

Saved $930K! Small Biz Bankruptcy Success Story Will Shock You

Name: Saved $930K! Small Biz Bankruptcy Success Story Will Shock You
Uploaded: 2025-08-24T14:00:16+00:00
Duration: 1 min 14 s
Channel: Latasha Transrina Kebe
Description: In this brief conversation, two speakers discuss a recent Subchapter 5 bankruptcy case involving a small‑business owner who had personally guaranteed…

24 Aug 2025 · 1 min

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1:14

In this brief conversation, two speakers discuss a recent Subchapter 5 bankruptcy case involving a small‑business owner who had personally guaranteed loans that were pursued during the COVID‑19 pandemic, threatening his home, car, and other assets. The attorneys halted collection actions, reorganized the debt in about seven months, and reduced roughly $1.1 million of unsecured debt to a $107,000 repayment plus an IRS priority claim of $142 per month for 48 months. The client retained his operating business, kept employees, and can now rebuild his credit. The case is presented as a consensual, confidential success story that illustrates the speed, cost‑efficiency, and protective benefits of Subchapter 5 for small‑business owners.

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Extremely stressful. A small business owner that, that got wiped out during COVID personally guaranteed all of the loans. They were coming after his, his mom's home that his name was on, his car. They're coming after all of his assets. We were able to stop that from moving forward, get him reorganized. And this one lasted about 7 months. So this one moved pretty quickly, which we always like to do that because that keeps all the admin fees, attorney's fees down. Of course.
Yeah. Yeah.
And he was extremely happy to have this behind him. And the good thing about a Sub-5 case that's consensual is once you close it, it's done. You can rebuild your credit and move on.
I love it. I love it. I'm really jealous of this. Shout out to the person that did this. Of course, we're keeping their identity hidden, whatever, but shout out to them. They're only paying $107,000 back of the $1 million, $1.1 million that, that was unsecured, and also an IRS priority claim of $142 a month for 48 months. And then you are saving them with this Subchapter 5 bankruptcy as a small business owner. Okay. $930,000.
And, and, and, and most importantly, he, his business is operating. It's, it's making money. He's able to keep his employees. Wait a minute.
He still got his business?
Still got his business. We reorganized that too. Yeah.
You gonna have them hunting. I promise you, you gonna