Sunsetting of Subchapter V and Chapter 13 Debt Thresholds

Effective June 22, 2024, the Subchapter V and Chapter 13 debt limit provisions of the Bankruptcy Threshold Adjustment and Technical Corrections Act sunset.  As of June 22, 2024, the Chapter 11, Subchapter V debt limit is $3,024,725, while the two-part Chapter 13 debt limit is an amount not more than $465,275 for unsecured noncontingent, liquidated debt and $1,395,875 for secured noncontingent, liquidated debt. 

In addition, on June 27, 2024 the Court issued General Order 2024-001 rescinding Interim Bankruptcy Rule 1020 as a local rule.

Changes to the following national forms can be found at uscourts.gov.

Official Form 101 (question 13)

Official Form 201 (question 8) 

Thursday, June 27, 2024