Turn that Frown Upside Down

Using Subchapter V's Unlimited Debt Limit & Confirmation Requirements to Eradicate Personal Guarantees Limitations to Subchapter V suggest that it will be of no use to all but very small companies, but before turning completely away from the topic, there are other considerations in play.

11 minute readDecember 01, 2020 at 12:11 AM
By
Jonathan Friedland
Hajar Jouglaf
Turn that Frown Upside Down

The current $7.5 million debt cap which a debtor cannot exceed, pursuant to Bankruptcy Code §1182, to qualify to elect Subchapter V treatment (under Code §103) is well understood: the

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