Bankruptcy Courts rule SBA must consider Bankrupt Applicants for loans

Posted by Marc Capone on June 1, 2020

Judge Cynthia C. Jackson of the U.S. Bankruptcy Court for the Middle District of Florida became the latest judge to rule that the Small Business Administration cannot reject an applicant…

Impact of COVID-19 on Chapter 7 Bankruptcy Discharges

Posted by Justin Gillman on May 22, 2020

The Coronavirus (COVID-19) pandemic has affected even the New Jersey Bankruptcy Court normal process of entering a discharge in a Chapter 7 Bankruptcy case. We applaud the New Jersey Bankruptcy…

recent case liberally interprets sub-chapter V eligibility

Posted by Marc Capone on May 20, 2020

The Small Business Reform Act defines small business debtor as a person engaged in commercial or business activities (including any affiliate of such person that is also a debtor under this title and excluding a person whose primary activity is the…

sub-chapter v small business debtors and confirmation of a plan of reorganization

Posted by Marc Capone on April 10, 2020

The goals of Sub-chapter V are to minimize the time and expense of small business reorganization. status conference Within 60 days of the filing, the bankruptcy court is expected to…

Sub-chapter v: makes it easier for small businesses to reorganize

Posted by Marc Capone on April 6, 2020

ELIGIBILITY FOR SUB-CHAPTER V ELECTION Sub-chapter V election by a small business requires that the debtor have non-contingent, liquidated debts (secured and unsecured) totally not more than $2,725,625..00 (presently for…

SUB-CHAPTER V: SMALL BUSINESS DEBTOR REORGANIZATION

Posted by Marc Capone on April 2, 2020

Sub-Chapter V of Chapter 11 of the United States Bankruptcy Code was signed into law in August 2019 and took effect in February 2020. The intent of the change to…

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