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Bankruptcy filings for small business, categorized as Subchapter V elections within Chapter 11, jumped 55%, according to the data.

Although Infowars has estimated revenues of some $70 million a year — hardly a mom-and-pop shop — Mr. Jones was able to file for Chapter 11 under the more lenient bankruptcy rules of the Small Business Reorganization Act, known as Subchapter V. The law first took effect in early 2020, but was soon broadened to assist small businesses struggling during the pandemic.

Unlike in a traditional Chapter 11 bankruptcy, Subchapter V gives creditors like the Sandy Hook families virtually no say in a restructuring plan, nor can they file a competing plan.

In “Glory,” a subchapter titled “We Need New Names” is actually followed by one called “Tholukuthi We Need a New World Order.”

Bankruptcy Code that allows PPP loans to businesses that have filed for bankruptcy under Chapters 12, 13 and Subchapter V, a new category for small businesses established in 2019.