By Lawrence R. Ahern, III, Brown & Ahern (Nashville, TN) Click here for Part I, Introduction to the 2019 Legislation Click here for Part II, Five Things a Trustee Should Know About SBRA Part III The Small Business Reorganization Act of 2019 (SBRA)1 is of interest to attorneys whose clients in troubled . . . It looks like you are...
From the Editor – Eligibility
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By The Honorable William Houston Brown (Retired)
Joint debtors not eligible when aggregate unsecured debt exceeded limit. Although each debtor separately would be eligible when their unsecured debts fell below § 109(e)’s statutory limit, they were not eligible as joint debtors because their unsecured debts combined exceeded the limit. The court construed the statutory language to require that their “aggregate” unsecured debt must be below the limit. In re Pete, 541 B.R. 917 (Bankr. N.D. Ga. 2015).
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The Honorable William Houston Brown retired in 2006 as a United States Bankruptcy . . .
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