For now, the Subchapter V debt limit is back down to $2.7 million. Overshadowed by the contentious confirmation hearings for historic Supreme Court nominee Ketanji Brown Jackson, the Senate Judiciary Committee failed to act on proposed legislation that would have
Continue Reading Preoccupied Congress Fails to Act, Sending Debt Limit Back Down to $2.7 Million and Reducing Availability of Subchapter V Protection for Small Businesses
Jennifer D. Raviele
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$7.5 Million Increased Debt Limit For Small Business Debtors May Become Permanent
By Jennifer D. Raviele on
Posted in Bankruptcy, Chapter 11
The law that temporarily increased the maximum amount of debt a company may have to qualify as a small business under Subchapter V – the cheaper, easier, and faster version of Chapter 11 – from $2.7 million to $7.5 million,…
Continue Reading $7.5 Million Increased Debt Limit For Small Business Debtors May Become Permanent
Podcast: Bankruptcy During COVID-19 Pandemic
By Robert L. LeHane & Jennifer D. Raviele on
2020 is on pace to set a record as the busiest year for bankruptcy filings since the Great Recession. In this episode on Kelley Drye Legal Download podcast, Bankruptcy and Restructuring Partner Bob LeHane and Special Counsel Jennifer Raviele discuss…
Continue Reading Podcast: Bankruptcy During COVID-19 Pandemic