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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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