This Comment proposes a framework by which bankruptcy courts can analyze cases involving non-equity crowdfunding and small business debtors. The framework is best described in the context of four questions likely to be raised by the creditors of a crowdfunding debtor. Using these questions, a court evaluates these cases with an eye towards promoting trust in the crowdfunding sector. By explaining the proposed framework through the eyes of a fictional small business, this Comment argues that courts can answer creditors' questions in a way that both satisfies the twin aims of bankruptcy and protects the integrity of the crowdfunding system.
Far from the Madding Crowd: Crowdfunding a Small Business Reorganization,
Emory Bankr. Dev. J.
Available at: https://scholarlycommons.law.emory.edu/ebdj/vol34/iss2/8