Written by attorney Kateryna Bilenka

2022 New Law Alert - Debt Limit Increase in Chapter 11 (Subchapter V) and Chapter 13 Cases

On June 21, 2022, the “Bankruptcy Threshold Adjustment And Technical Corrections Act” (“Act”) was signed into law. The Act adopts new chapter 13 and chapter 11 (Subchapter V) eligibility parameters. It will expire, however, in two (2) years i.e., June 20, 2024.

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