By Nicholas Koffroth (September 15, 2021, 3:26 PM EDT) – “Just enough” is an undeniable legal precept – albeit informal. The concept finds its way into the canon of the adequacy of advocacy to the application of equity.
Recent rulings from bankruptcy courts across the United States confirm that “just enough” has now found its way into the nascent subchapter V eligibility case law. Among the subchapter V eligibility requirements, a debtor must be committed and have more than 50% of its debts arising from a commercial or commercial activity.
The July 23 US Middle District of Florida Bankruptcy Court ruling in In re: Vertical Mac Construction LLC expands the scope of “just …
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