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Subchapter V of Chapter 11 of the Bankruptcy Code, which took effect in February 2020, creates a more streamlined and less expensive Chapter 11 reorganization path for small business. ....
Wednesday, May 26, 2021 Subchapter V of Chapter 11 of the Bankruptcy Code, which took effect in February 2020, creates a more streamlined and less expensive Chapter 11 reorganization path for small business debtors. It has proven popular during the COVID-19 pandemic, with over 1,800 cases filed. Hotel owners have been particularly hard hit during the pandemic, with occupancy rates plummeting over the past year. But Subchapter V is not available for single asset real estate debtors. Can a hotel reorganize under Subchapter V or must it go the cumbersome, more expensive, and time-consuming traditional Chapter 11 route? According to a recent decision from a bankruptcy court in Florida, a hotel is not a single asset real estate debtor because it provides services beyond renting rooms and, for that reason, can avail itself of Subchapter V. ....
View Comments Delaware officers who killed an attempted murder suspect who shot a Milford corporal and fired at others in the parking lot of a Rehoboth Beach motel late last year have been cleared in the shooting. The Delaware Department of Justice released its use-of-force report Friday, which found Milford Cpl. T.J. Webb, Delaware State Police Cpl. Joshua DiGiacomo and Probation and Parole Officer George Ramsburg were justified in shooting 37-year-old Evelio Rivera in early December. Rivera, a fugitive wanted in connection with a fight in Reading, Pennsylvania, seriously injured Webb after shooting him six times. Months after the incident, the corporal still has a long road to recovery. ....
Police cleared for killing man who shot Milford officer, fired at others at Rehoboth Beach motel Isabel Hughes, Delaware News Journal State police investigating Rehoboth Beach-area shooting Replay Video UP NEXT Delaware officers who killed an attempted murder suspect who shot a Milford corporal and fired at others in the parking lot of a Rehoboth Beach motel late last year have been cleared in the shooting. The Delaware Department of Justice released its use-of-force report Friday, which found Milford Cpl. T.J. Webb, Delaware State Police Cpl. Joshua DiGiacomo and Probation and Parole Officer George Ramsburg were justified in shooting 37-year-old Evelio Rivera in early December. ....