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U.S. Senate Considering Legislation to Extend $7.5MM Debt Sublimit for Subchapter V

The U.S. Senate is considering an extension of the current Subchapter V debt sublimit within Chapter 11 bankruptcy filings following the introduction of legislation that would push out the expiration date for the $7.5 million threshold to 2026.

American Bankruptcy Institute Sends Letter to Congress Further Supporting Maintenance of $7.5MM Debt Cap for Subchapter V

The American Bankruptcy Institute’s Subchapter V task force transmitted a letter to key members of Congress providing further supplemental input regarding its preliminary report supporting the maintenance of the $7.5 million debt cap for Subchapter V eligibility.

March 20, 2024 American Bankruptcy Institute | Soneet Kapila Phil Neuffer

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U.S. Senate Considering Legislation to Extend $7.5MM Debt Sublimit for Subchapter V

American Bankruptcy Institute Sends Letter to Congress Further Supporting Maintenance of $7.5MM Debt Cap for Subchapter V