The Waiting is the Hardest Part!

The 2024 Bankruptcy Threshold Adjustment Extension Act was introduced in the Senate on April 13, 2024. The act would extend the $7.5 million debt limit for Subchapter V cases for an additional two years. Unfortunately, the law has not yet been enacted and, as a result, the debt limit for Subchapter V cases reverted back to $3,024,725 on June 22, 2024. While waiting for the law to pass, check out these resources on Subchapter V. 

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Related Content

• Subchapter V Decision Tracker
  Check out this tracker for the latest caselaw on Subchapter V.

• Subchapter V Cases
  Read about the requirements under Subchapter V.

• Subchapter V Trustees
  See this practice note for information on trustees appointed in Subchapter V cases.

• Subchapter V Confirmation Requirements
  Review a discussion of the Subchapter V plan confirmation process.

• Motion to Remove DIP and to Expand the Subchapter V Trustee's Duties
  Use this template when seeking removal of the debtor in possession and expansion of the Subchapter V trustee's powers.

• Objection to Motion to Remove DIP and to Expand the Subchapter V Trustee's Duties
  Object to a motion to remove the debtor in possession and expand the Subchapter V trustee's powers with this template.

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