A bill recently signed by President Biden raised the debt limits for Chapter 11 and Chapter 13 bankruptcies. The debt limit determines whether or not a business can qualify to seek protection under Subchapter V of Chapter 11. The President signed the Bankruptcy Threshold Adjustment...
Bankruptcy is one area of the law that’s surrounded by a host of misinformation, myths, and outright lies. Because there are so many of these myths, some people can have an understanding of bankruptcy that has almost nothing to do with reality. To give you...
Parry Tyndall White partner Jim White won a case in the Fourth Circuit Court of Appeals regarding recharacterization of debt as equity in bankruptcy in In re Province Grande Olde Liberty. The National Law Review discussed the implication of the court's decision. Read the article here...
When we meet with small business owners who are experiencing financial difficulty, a major concern they face is whether creditors will be able to come after their personal assets. The answer is -- it depends. [caption id="" align="alignleft" width="400"] Business (Photo credits: www.roadtrafficsigns.com)[/caption] While a number of...