WBK Attorney Michelle Bass Quoted on Proposed Chapter 13 Debt Limit Increase
The U.S. Senate is expected to consider an amendment that would temporarily raise Chapter 13 debt limits by replacing the current $1.58 million (secured) and $526,000 (unsecured) caps with a single $2.75 million ceiling. The proposal—packaged with the national defense bill—would also restore Subchapter V’s small-business threshold to $7.5 million and apply retroactively to cases […]