Adjustments made to debt limits for Chapter 11 Subchapter V and Chapter 13 cases by Trev E. Peterson
On June 21 the president signed the Bankruptcy Threshold Adjustment and Technical Corrections Act. The Act made two significant changes to the debt levels for small business debtors seeking to file under Subchapter V of Chapter 11 (“Sub V”) and for Chapter 13 wage earner cases. Sub V allows for a quicker, less expensive and [...]