5th Circ. Says Subchapter V Limits Apply To Businesses

By Emlyn Cameron · April 18, 2024, 5:55 PM EDT

The Fifth Circuit has ruled that corporations are subject to the same restrictions on what debts they can have discharged through Subchapter V of the Bankruptcy Code's Chapter 11 as individuals...

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Case Information

Case Title

Avion Funding v. GFS Industries

Case Number

23-50237

Court

Appellate - 5th Circuit

Nature of Suit

Date Filed

April 07, 2023