A top Small Business Administration official is asking House leaders to drop a proposed requirement that companies with less than $5 million of debt use an expedited bankruptcy process.

Jere W. Glover, SBA's chief counsel for advocacy, said the finances of some small businesses are so complex that they would be unable to meet the strict filing requirements included in the expedited procedure. That could result in these businesses' being prematurely liquidated, he wrote in a letter last week to House leaders.

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