Compare a small business with subchapter V eligibility and the plan contents
Key facts
- Human involvement
- YellowClose supervision
- How AI is used
- From the debt schedule the lawyer supplies, list secured and unsecured noncontingent liquidated debts, affiliate and insider debts, and whether at least half arose from commercial or business activities. Do not state that the debtor is eligible.
- What the lawyer must review
- Section 1182 defines a subchapter V debtor as a small business debtor. Section 101(51D) defines that term, including the commercial-or-business-activities test, the exclusion for a person whose primary activity is owning single-asset real estate, the 50-percent commercial-debt test, and the exclusions for a group of affiliated debtors over the cap and for a reporting company under the Securities Exchange Act and its affiliates. The compilation’s adjustment note, citing the Judicial Conference notice of 30 January 2025, 90 F.R. 8941, effective 1 April 2025, adjusts the § 101(51D) dollar amount to $3,424,000. The lawyer confirms that figure is the one in force on the petition date. A subchapter V plan must include a brief history, a liquidation analysis and payment projections, and must provide for submission of future earnings to the trustee as necessary to execute the plan (11 U.S.C. § 1190). The court holds a status conference not later than 60 days after the order for relief, unless that period is extended under § 1188(b).
- Written for / version
- United States versionUS
Who does what
| Role | What they do |
|---|---|
| Assistance | Potential support includes assembling provisional schedules. Confirm the tool’s capability and permitted scope. |
| Lawyer | Set the scope, supervise the work closely, verify every part relied on, resolve omissions and exceptions, and approve the exact output. |
Checklist
- Trace every relied-on figure to its source, confirm dates and assumptions, and independently recalculate totals or derived amounts.
- Confirm the output against the client’s instructions and the complete relevant source material, including omissions or contradictions.
- Resolve exceptions and record the responsible lawyer’s approval of the exact output and intended use.