Small Business Debt Limit Raised, Crypto Exec Can’t Drop Case

By Vince Sullivan (June 14, 2022, 6:17 p.m. EDT) – Congress has moved to permanently raise the debt ceiling for small business Chapter 11 cases, a former investment firm executive in cryptocurrency cannot drop its own bankruptcy case and a bankrupt hotel company has asked to deny a $6 million fee request from its own lawyers. It’s bankruptcy week.

Raise the roof

Bill expanding COVID-19 measures to make more small businesses eligible to file Sub-Chapter V bankruptcies as well as increasing eligibility for individual Chapter 13 bankruptcies heads to President Joe Biden’s desk

The law on the adjustment of the bankruptcy threshold and technical corrections, which increases the debt threshold of…

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