Tuesday, June 25, 2024
On June 21, 2024, the subchapter V of chapter 11 and chapter 13 debt provisions of the Bankruptcy Threshold Adjustment and Technical Corrections Act sunset. Pub. L. No. 117-151. As of June 22, 2024, the subchapter V debt limit is $3,024,725, while the chapter 13 threshold is an amount not more than $465,275 for unsecured noncontingent, liquidated debt and $1,395,875 for secured noncontingent, liquidated debt.
Amendments to Official Forms 101 and 201 are available for immediate use and may be found at www.uscourts.gov/forms/bankruptcy-forms.
Official Form 101 - Voluntary Petition for Individuals Filing for Bankruptcy. (Line 13)
Official Form 201 - Voluntary Petition for Non-Individuals Filing for Bankruptcy. (Line 8)