Fifth and Fourth Circuits Hold that Debts in Sub V Can Be Nondischargeable
Differing with eight lower courts, the Fifth Circuit sided with the Fourth Circuit by holding that debts of corporate debtors in Subchapter V can be nondischargeable in nonconsensual plans.
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Case Details
Case Citation
Avion Funding LLC v. GFS Industries LLC (In re GFS Industries LLC), 25-50237 (5th Cir. April 17, 2024)
Case Name
Avion Funding LLC v. GFS Industries LLC (In re GFS Industries LLC)
Case Type
Business