Courts Are Now Split on Whether a Subchapter V Debtor Must Be ‘Currently’ Engaged in Business
Debts acquired from running a business do not qualify someone for subchapter V of chapter 11 if the business has terminated and the assets are gone, according to Judge Cynthia Norton.
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Case Details
Case Citation
In re Thurmon, 20-41400 (W.D. Mo. Dec. 8, 2020)
Case Name
In re Thurmon
Case Type
Business