14. Who Qualifies as a Small Business Debtor?

A small business debtor under Subchapter V is a person (including individuals, partnerships and corporate debtors) or affiliate debtor that is engaged in commercial or business activities (excluding persons whose primary activity is the business of owning single asset real estate) whose aggregate noncontingent liquidated secured and unsecured debts as of the date of filing of the petition do not exceed $7,500,000 (excluding debts owed affiliates or insiders) not less than 50% of which arose from the commercial or business activities of the debtor.