At Jones Walker, we look beyond today’s challenges and focus on the opportunities of the future. Since our founding in May 1937 by Joseph Merrick Jones, Sr., and Tulane Law School graduates William B. Dreux and A.J. Waechter, we have consistently asked ourselves a simple question: What can we do to help our clients succeed, today and tomorrow?
As of June 21, 2024, the debt limit for small business bankruptcies, also known as Subchapter V bankruptcies, reverted to $3,024,725 from the temporarily increased limit of $7,500,000 established under the Coronavirus Aid, Relief, and Economic Security Act...
As of June 21, 2024, the debt limit for small business
bankruptcies, also known as Subchapter V bankruptcies, reverted to
$3,024,725 from the temporarily increased limit of $7,500,000
established under the Coronavirus Aid, Relief, and Economic
Security Act (CARES Act). This reversion limits small and midsize
businesses' access to a streamlined and cost-effective
alternative to traditional Chapter 11 filings, potentially leading
to broader financial implications. Continue reading
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