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Debt Ceiling Shrinks for Small Business Bankruptcies - The National Law Forum
Advertisement Subchapter V of Chapter 11 of the Bankruptcy Code, which took effect in February 2020, creates a more streamlined and less expensive Chapter 11 reorganization path for small business debtors. Under the law as originally passed, to be eligible for Subchapter V, a debtor (whether an entity or an individual) had to be engaged … Continue reading Debt Ceiling Shrinks for Small Business Bankruptcies
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