The Wall Street Journal reported that two senators have proposed changes to Chapter 11 filings for small businesses with debt of $2.5 million or less, which could expedite the process at a lower cost.

Many small businesses avoid the bankruptcy process due to prohibitive costs, according to a retired bankruptcy court judge quoted by the Journal.

According to the Journal, proposed changes include filing a repayment plan within 90 days to scale back the judicial approval process and removing automatic appointment of a creditor committee, among others.