Subchapter V of the Bankruptcy Code

A Future Restructuring Option for Cannabis Companies

Jason Rosell
Daily Journal
July 20, 2022

In this article, Jason Rosell discusses developments in the availability of bankruptcy protection for cannabis operators. He concludes that subchapter V of Bankruptcy Code chapter 11, although streamlined, still does not alter the statutory framework for dismissal of a case. Congress needs to clarify that a company operating in compliance with state cannabis laws should be eligible for bankruptcy protection.

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