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A Business Not Designed to Turn a Profit Is Eligible for Subchapter V, BAP Says

The Ninth Circuit BAP holds that litigating with the largest creditor and maintaining the corporation in good standing is sufficient to show that the debtor ‘is engaged’ in business on the filing date.

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Opinion Link

Case Details

Case Citation

NetJets Aviation Inc. v. RS Air LLC (In re RS Air LLC), 21-1227 (B.A.P. 9th Cir. April 26, 2022)

Case Name

NetJets Aviation Inc. v. RS Air LLC (In re RS Air LLC)

Case Type

Business
Court