Rochelle's Daily Wire

ABI Exclusive

Courts Are Now Split on Whether a Subchapter V Debtor Must Be ‘Currently’ Engaged in Business

Debts acquired from running a business do not qualify someone for subchapter V of chapter 11 if the business has terminated and the assets are gone, according to Judge Cynthia Norton.

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Opinion Link

Case Details

Case Citation

In re Thurmon, 20-41400 (W.D. Mo. Dec. 8, 2020)

Case Name

In re Thurmon

Case Type

Business