Sub V Debt ‘Cap’ in Peril of Reverting to About $3 Million on June 21

June 13, 2024

Sub V Debt ‘Cap’ in Peril of Reverting to About $3 Million on June 21

One senator is blocking an extension of the $7.5 million debt cap for Subchapter V and the $2.75 cap for chapter 13.

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Opinion Link

View Opinion

https://connect.abi.org/l/107412/2024-04-22/6wj4lm

Case Details

Case Citation

S. 4150, the Bankruptcy Threshold Adjustment Extension Act

Case Name

S. 4150, the Bankruptcy Threshold Adjustment Extension Act

Case Type

Business

Court

Federal Circuit

Bankruptcy Tags

Legislation

Consumer Bankruptcy

Business Reorganization

Small Business

Comments

Submitted by Teddy Scott on June 13, 2024

Sub Chapter Vis a hot bedof corrption . End it,

Submitted by Bradley Drell on June 13, 2024

Who is the holdout Senator. I would like to contact his or her office.

Submitted by Glen Tschirgi on June 13, 2024

It's curious that Bill recommends making these changes permanent without any comment or argument about *why* these higher debt qualification levels are good policy. In other words, Bill takes a policy position without a word about its merits. The assumption is that higher limits are better.

Submitted by Raymond Beebe on June 13, 2024

Again, it would be helpful to supporters of Sub V to know who is blocking the passage

Submitted by Leonard Welsh on June 13, 2024

PLEASE confirm the name of the "hold-out" Senator for the ABI Members. Thank you.

Submitted by Robert Handler on June 13, 2024

Who is the holdout senator?