Bankruptcy Threshold Adjustment and Technical Corrections Act: Signed into Law

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On June 21, 2022, President Joe Biden signed the Bankruptcy Threshold Adjustment and Technical Corrections Act into law; the full text of which can be viewed here. The Act restores the previous debt limit for small businesses filing for bankruptcy under subchapter V of the chapter 11 Bankruptcy Code, from $2,725,625 to $7,500,000. Subchapter V […]