Bankruptcy
Nov. 27, 2019
Thinking out loud about the new Small Business Chapter 11
I haven’t had occasion to discuss the new Small Business Chapter 11 with a potential client so far. I’ve read several summaries and even put the language of the statute into the Word version of the code I carry around. But I have not yet walked through the alternatives with a potential client. So let’s think that through, the big stuff at least.
I haven't had occasion to discuss the new Small Business Chapter 11 with a potential client so far. I've read several summaries and even put the language of the statute into the Word version of the code I carry around. But I have not yet walked through the alternatives with a potential client. So let's think that through, the big stuff at least.
First, the debtor must be engaged in business or commercial activities. That doesn't see...
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