August 2024

An informative e-newsletter for the Real Property Law Section of the State Bar of Michigan.

Recent Developments in Bankruptcy Law for the Real Property Practitioner

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By Keith A. Schofner, Lambert Lesser

There have been a few recent developments in bankruptcy law that real property practitioners should note. They pertain to the thresholds that apply under Chapter 13 and Subchapter V of Chapter 11, as well as two recent Supreme Court decisions. First, in August 2019, the Small Business Reorganization Act (the “SBRA”) created Subchapter V of Chapter 11 in the Bankruptcy Code. The SBRA was designed to streamline and reduce the cost for small business debtors to reorganize. It became effective in February 2020 and was limited to small business debtors with no more than $2,725,625 in noncontingent liquidated debts.

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Real Property Law Academy I
Grand Rapids

L.V. Eberhard Center
GVSU-Conference & Event Planning
301 West Fulton, Eberhard Center Room 201
Grand Rapids, MI

September 17 & 18, 2024
8:30 a.m.–4:30 p.m.

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Interested in writing an article for the e-Newsletter? Contact co-editors Samuel Kilberg at SKilberg@dykema.com or Glen Zatz at gzatz@bodmanlaw.com.

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We are also looking for suggested authors and topics for the Michigan Real Property Review. Please contact Chair-Elect, Jason Long at Jlong@wwrplaw.com for suggested topics and ideas.

The views and opinions expressed in these articles are those of the authors, and they do not reflect in any way the positions of the State Bar of Michigan or the Real Property Law Section. These columns are meant for informational purposes only and should not be construed as legal advice. IRS Circular 230 Disclosure: To ensure compliance with requirements imposed by the Internal Revenue Service, we inform you that any U.S. federal tax advice contained in this communication (including any attachments) was not intended or written to be used, and cannot be used, by any person for the purpose of (i) avoiding tax-related penalties or (ii) promoting, marketing, or recommending to another person any transaction or matter addressed in this communication.