Thursday, July 21, 2022
The Bankruptcy Threshold Adjustment and Technical Correction Act (BTATC Act) once again increases the total debt threshold (as defined in the Act) for determining the eligibility of a debtor to proceed under subchapter V of chapter 11 to $7,500,000, effective retroactively to cases commenced on or after March 27, 2020 through June 21, 2024 (two years after the date of enactment of the BTATC Act). The revised forms and other related information can be found on the U.S. Courts website at https://www.uscourts.gov/rules-policies/pending-rules-and-forms-amendments/pending-changes-bankruptcy-forms.