***Update*** Understanding Small Business Bankruptcy under Subchapter V
Updated June 21, 2022 After the increased debt limit expired on March 27, 2022, the House and Senate by wide majorities passed a bipartisan bill known as the Bankruptcy Threshold and Technical Corrections Act. One of the provisions of this Act will extend the increase in the debt limit of $7,500,000 in Subchapter V cases for two more years…
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