Articles from Shenwick & Associates

CHAPTER 13 NEW DEBT LIMITS

Small Business Bankruptcy Rules get Tighter after US law expiration Reuters

Reuters reports that the debt limit for Subchapter V Bankruptcy for small businesses, initially set at $2.7 million, was temporarily raised to $7.5 million by the Coronavirus Aid, Relief, and Economic Security Act passed in 2020. However, this limit has now reverted to $2.7 million following the expiration of the Coronavirus Aid law on Friday, June 21, 2024..

Asset Protection Planning

SubV Chapter 11 Bankruptcy Debt Limit

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