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ABI Journal

1182

Untangling the Sub V Eligibility Criteria for Individual Debtors

Oct 2023

Bankruptcy Code
Bankruptcy Code

Eligibility for Subchapter V Is Liberal, but Not Wide Open

Courts are split on whether the debt providing eligibility for Sub V must have arisen from a business that was active on the filing date.

Eligible or Ineligible Debt? Further Developments in the Definition of the Subchapter V Debt Limitation

Sept 2023

Bankruptcy Code
Topic Tags

Bankruptcy Judges Agree: Later Developments Don’t Undo Subchapter V Eligibility

The $7.5 million debt cap for Subchapter V doesn’t include the debt of affiliates who file later.