Tuesday, June 25, 2024
The article entitled "Subchapter V and Chapter 13 Debt Thresholds To Sunset By June 21, 2024 Unless Congress Acts" has been updated as to Chapter 13 per the Federal Register (link is external). The Chapter 13 threshold of $2,750,000 for both secured and unsecured debt will revert to a two-part test that limits eligibility to a maximum of $465,275 for unsecured debt and $1,395,875 [revised from $1,395,625] for secured debt.
