Rochelle’s Rocky Mountain Case Law Update
Owner of a Long-Defunct Business Didn’t Qualify for Subchapter V
Being an ordinary employee didn’t mean that the debtor was engaged in business to qualify for Subchapter V.
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To Count in Subchapter V, Loans Need Not Benefit Only the Small Business Debtor
If a loan benefits both a debtor and someone else, the loan still may be included in counting whether the debt “arose from the commercial or business activities of the debtor.”
Court: