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Subchapter V within chapter 11 of the Bankruptcy Code was put in place to create a more cost-efficient and streamlined restructuring process. In response to COVID-19, the debt cap for eligibility was temporarily increased from $3 million to $7.5 million, which has allowed additional debtors to take advantage of the subchapter’s benefits. The American Bankruptcy Institute’s Subchapter V Task Force has issued a preliminary report recommending that the increased cap remain in effect permanently.    Patterson Belknap Partner Dan Lowenthal and Associate Kimberly Black discuss the report and explain the potential reasons behind subchapter v’s increasing popularity in the firm’s Bankruptcy Update blog: https://lnkd.in/egn2fu7b #bankruptcycode #americanbankruptcyinstitute #restructuring

Popularity of Subchapter V Bankruptcy Filings | Bankruptcy Update

Popularity of Subchapter V Bankruptcy Filings | Bankruptcy Update

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