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Subchapter V and Chapter 13 Debt Limits Sunset June 21

Thursday, June 20, 2024

During the COVID-19 pandemic, Congress temporarily raised the debt limits for Subchapter V and Chapter 13 debtors. These increased debt limits are set to expire on Friday, June 21, 2024. Without further action by Congress, the debt limit for Subchapter V debtors will decrease from $7.5 million to $3,024,725. For Chapter 13 filers, the combined unsecured and secured debt limit will fall from $2.75 million to $465,275 for unsecured debt and $1,395,875 for secured debt.