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Amendment to Subchapter V of Chapter 11 Clarifies Affiliates' Eligibility for Streamlined Restructuring Process | ArentFox Schiff

On June 21, 2022, President Biden signed the Bankruptcy Threshold Adjustment and Technical Corrections Act into law. As we reported here, the Bankruptcy Corrections Act. ....

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Bankruptcy Corrections Act Amendment Clarifies Affiliate Eligibility

The Bankruptcy Corrections Act revived the $7.5 million eligibility threshold for accessing the restructuring process in Subchapter V of Chapter 11 and clarifies that subsidiaries may be eligible for Subchapter V, effectively abrogating caselaw holdings to the contrary. ....

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