"Arizona Small Business Bankruptcy"
Small business status is permitted in Arizona bankruptcy cases filed under Chapter 11. By qualifying as a small
business, court appearances and approvals may be combined into concurrent hearings, and the court may reduce
statutory waiting periods required generally in Chapter 11 cases.
11 U.S.C. §101(51C): 'small business'' means a person engaged in commercial or business
activities (but does not include a person whose primary activity is the business of owning or operating real
property and activities incidental thereto) whose aggregate noncontingent liquidated secured and unsecured
debts as of the date of the petition do not exceed $2,000,000
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In the matter of ARIZONA BANKRUPTCY PETITION PREPARERS, General order No. 89 issued by the U.S. District.
Arizona Bankruptcy Court., July 1, 2003. 11 USC 110(k) does not permit a bankruptcy petition preparer to engage
in activities "that are otherwise prohibited by law. including the rules and laws that prohibit the unauthorized
practice of law." The Supreme Court of the State of Arizona has enacted amendments to its Rule 31 governing the
unauthorized practice of law which became effective commencing July 1, 2003. Rule 31 sets forth the general rule
that only an active member of the State Bar of Arizona may practice law in the State. The amendments also create
a limited exception for certified legal document preparers provided that the services performed are in
compliance with State Code of Judicial Administration, Part 7, Chapter 2, Section 7-208.
Back to Arizona Bankruptcy words & phrases.
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