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...
In a new post for the N.C. Bar Blog, I talk about Chapter 11 Subchapter V trustee. I have been involved in several Subchapter V cases, both as debtor’s attorney and trustee, and my experience has been that the Subchapter V trustee can help make...
Jim White appeared on the Profit First Nation podcast to discuss Subchapter V Bankruptcies and why businesses sometimes fail in an episode called "Know When to Fold Them, Know When to Hold Them". In his interview with host Danielle Mulvey, they talked about some...
Jim White has been appointed by the U.S. Bankruptcy Administrator as a subchapter V bankruptcy trustee in the Middle District of North Carolina. Jim is one of approximately 250 trustees who were appointed in all 50 states. Jim will bring his unique background as a...
[vc_row css_animation="" row_type="row" use_row_as_full_screen_section="no" type="full_width" angled_section="no" text_align="left" background_image_as_pattern="without_pattern"][vc_column][vc_column_text css=".vc_custom_1655983522197{margin-right: 5% !important;margin-left: 5% !important;}"]In February, the Small Business Debt Reorganization Act went into effect, substantially modifying the provisions, procedures, and rights of debtors and creditors in small business bankruptcy reorganization cases. This new law amends Chapter...
The American Bankruptcy Institute in a featured post titled "Judge Kahn Finds No Constitution Infirmities in Applying the SBRA Retroactively" wrote about the bankruptcy court's decision affirming our client's ability to redesignate their already filed case to one under new Subchapter V of the Bankruptcy...