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Sunsetting of Subchapter V and Chapter 13 Debt Thresholds

Monday, June 24, 2024

On June 21, 2024, the Subchapter V and Chapter 13 debt provisions of the Bankruptcy Threshold Adjustment and Technical Corrections Act sunset.  As of June 22, 2024, the Subchapter V debt limit is $3,024,725, while the two-part Chapter 13 threshold is an amount not more than $465,275 for unsecured noncontingent liquidated debt and $1,395,875 for secured noncontingent liquidated debt.  Consequently, changes to the following national forms will be published on the week of June 24, 2024:

Official Form 101 (question 13)

Official Form 201 (question 8)

The updated version of each form must be used starting no later than July 22, 2024.