Debt of Single Asset Real Estate entity blows Subchapter V Eligibility

November 3, 2020

A recent bankruptcy court decision has found the debt of an affiliate that is ineligible to file for Subchapter V to be included in the $7.5M threshold for eligibility (and post-CARES Act, a $2.7M threshold). In this case, the affiliate was a single asset real estate entity. This decision appears counterintuitive. Stay tuned for an appeal?

Posted in Carolyn In The Media, General, Let's Discuss!, What's New in Business?, What's New in the Law?, What’s New in Bankruptcy?, What’s New in Debtor-Creditor? and tagged bankruptcy, carolyn hochstadter dicker, chapter 11, debtor-creditor, E. Carolyn, federal law, single asset real estate, small business, Subchapter V