Two recent bankruptcy court decisions reflect a split of authority on subchapter V eligibility.
In re Macedon Consulting Inc. finds that all future amounts due under an unexpired lease qualify as “noncontingent and...more
3/13/2024
/ Bankruptcy Code ,
Bankruptcy Court ,
Business Ownership ,
Chapter 11 ,
Commercial Leases ,
Debt Collection ,
Investors ,
Landlords ,
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Reorganizations ,
Small Business ,
Small Business Reorganization Act of 2019 (SBRA)
Lease terminations may result in fraudulent transfer claims.
Lease terminations should document that the tenant is receiving reasonably equivalent value in exchange for rent forgiveness, relinquishing the premises and...more