Monday, June 24, 2024
On June 21, 2024, the debt limits for Subchapter V and Chapter 13 cases reverted to the amounts in effect in March of 2020. The Subchapter V debt limit is reduced to $3,024,725. The Chapter 13 threshold of $2,750,000 for both secured and unsecured debt reverts to a two-part test that limits eligibility to less than $465,275 for unsecured debt and $1,395,875 for secured debt.