11/12/2026 | Press release | Distributed by Public on 11/12/2026 15:27
On November 10, 2026, the White House announced that H.R. 7730, the Bankruptcy Threshold Adjustment Act, was signed into law. The Act permanently increases the debt eligibility limit for small businesses seeking reorganization under Subchapter V of Chapter 11 to $7.5 million and establishes a combined debt limit of $2.75 million for individuals seeking relief under Chapter 13. The amendments apply to bankruptcy cases commenced on or after the date of enactment.