By Nicholas Koffroth (September 15, 2021, 3:26 PM EDT) -- "Just enough" is an undeniable...

Bankruptcy Eligibility Is Expanding For Small Biz Debtors – Law360

By Nicholas Koffroth (September 15, 2021, 3:26 PM EDT) -- "Just enough" is an undeniable — if informal — legal precept. The concept finds its way into canon from adequacy of pleading to application of equity.[1]Recent rulings from bankruptcy courts throughout the United States confirm that "just enough" has now found a home in the nascent jurisprudence of Subchapter V eligibility. Among Subchapter V's eligibility requirements, a debtor must be engaged in and have more than 50% of its debts from commercial or business activity.The U.S. Bankruptcy Court for the Middle District of Florida's July 23 decision in In re: …

 

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