Debt of an Ineligible Affiliate Is Included in the $7.5 Million Cap for Subchapter V
Although ineligible on its own to be a debtor under subchapter V of chapter 11, the debt of the ineligible company is nonetheless aggregated with the debts of its affiliates to determine whether affiliates are eligible for subchapter V.
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Case Details
Case Citation
In re 305 Petroleum Inc., 20-11593 (Bankr. N.D. Miss. Oct. 27, 2020)
Case Name
In re 305 Petroleum Inc.
Case Type
Business