Congress Extends $7.5 Million Debt Limit for Subchapter V Bankruptcy
By David M. S. Shaiken On March 27, 2021, President Biden signed into law the COVID-19 Bankruptcy Relief Extension Act. We have previously written that last year the debt limit for business debtors to file for Subchapter V, Chapter 11 bankruptcy relief had been temporarily increased to $7.5 million by The Coronavirus Aid, Relief and…