Much bankruptcy and restructuring attorney Jonathan Friedland authored an article for the National Law Review on the Bankruptcy Threshold Adjustment Act and its anticipated increase of Subchapter V’s debt limit to $7.5 million.
He explains how expanded eligibility could give more financially distressed businesses access to a streamlined restructuring process and why waiting for enactment may be beneficial, if circumstances permit. The article also outlines steps businesses can take to prepare and warning signs that waiting may not be an option.
Jonathan Friedland is an attorney in Much's Restructuring, Insolvency & Special Situations group who has built a reputation for fiercely representing his clients in the boardroom, the courtroom, and everywhere in between. Clients rely on his creative and practical strategies to get deals done as well as his ability to explain complex concepts in plain English.