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Converting from Chapter 7 to Sub V to Liquidate Is Ok, Judge Cleary Says

A corporate debtor with no income and no operating business could convert an involuntary chapter 7 case to Subchapter V of chapter 11.

Court :

7th Circuit

Illinois

Illinois Northern District

The $7.5 Million Subchapter Debt Limit Should Be Reinstated

Feb 2025

Bankruptcy Code

1182

Topic Tags

Legislation

Practice and Procedure

Business Reorganization

Benchnotes January 2025

Bankruptcy Code

Part VII. Adversary Proceedings›7004

Topic Tags

Automatic Stay

Claims

Bankruptcy Litigation

Executory Contracts/Leases

Fraud

Plan Confirmation

Practice and Procedure

Consumer Bankruptcy

Concerns About Being Left Holding the Bag: Addressing Payment of Subchapter V Trustee Fees

Bankruptcy Code

Topic Tags

Practice and Procedure

Professional Compensation/Fees

Small Business

Judicial Round-and-Round

Bankruptcy Code

Topics

Business Reorganization

Small Business

Case Law Updates

Bankruptcy Code

Topics

Bankruptcy Litigation

Consumer Bankruptcy

Business Reorganization

Mass Torts

Small Business

Subchapter V’s Debt Cap: What Happens Now?

Bankruptcy Code

Topics

Sub V Trustee May Be Discharged When the Debtor Makes Plan Payments

Bankruptcy Judge Larson administratively closed a Sub V case after substantial consummation.

Court :

5th Circuit

Texas

Texas Northern District

Hot Topics in Subchapter V and Consumer Bankruptcy Cases

Bankruptcy Code

Topics

Advising Clients Who Own a Business

Bankruptcy Code

Topics

Business Reorganization

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