Roxanne J Indelicato
February 09, 2023 | The Legal Intelligencer
Court: An Ongoing Business Is Not Required for a 'Good Faith' Reorganization Under Chapter 11In a recent decision, In re HONX, No 22-90035 (Bankr. S.D. Tex. Dec. 28, 2022), the U.S. Bankruptcy Court for the Southern District of Texas (the court) addressed whether a debtor that has no independent assets or ongoing business operations can reorganize under Chapter 11 in good faith.
By Lawrence J. Kotler and Roxanne J. Indelicato
7 minute read
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