Selling Assets of a Defunct Business Is a Legitimate Activity in ‘Sub V,’ Florida Judge Says
The oversight of a distribution by a chapter 7 trustee (and the attendant expense) isn’t required when a debtor liquidates the assets in Subchapter V of chapter 11.
First Look at Small Business Reorganization Act Cases
Subchapter V
Splits and Confounding Issues Destined for the Supreme Court
Liquidating a Defunct Corporation Qualifies for the SBRA, Judge Lopez Says
Increasingly, courts are allowing defunct corporations to proceed under the SBRA while individual owners of defunct businesses aren’t being treated as small business debtors in chapter 11.