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Leases Don't Disqualify Small Biz Bankruptcies, Court Rules

By Alex Wittenberg (December 1, 2023, 5:52 PM EST) -- Companies with long-term leases and similar contracts that exceed $7.5 million shouldn't be barred from seeking protection under a bankruptcy subchapter designed for small businesses, because leases often amount to net assets rather than liabilities and shouldn't count toward the subchapter's debt limit, a New York bankruptcy judge said....

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