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***December 15, 2026***
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The Bankruptcy Threshold Adjustment Act, H.R. 7730, was signed into law on November 10, 2026 and became effective upon signing. Small businesses are now eligible for subchapter V relief if their noncontingent, liquidated debts do not exceed $7,500,000 (excluding insider debt), and the eligibility debt limit for Chapter 13 debtors for secured and unsecured noncontingent, liquidated debts was consolidated and collectively increased to $2,750,000. Please review the full Act for further details. See Text - H.R.7730 - 119th Congress (2025-2026): Bankruptcy Threshold Adjustment Act | Congress.gov | Library of Congress.