07/01/2024 | Press release | Distributed by Public on 07/01/2024 06:55
The Bankruptcy Threshold Adjustment and Technical Corrections Act, Pub. L. No. 117-151, temporarily increased the total debt thresholds for determining the eligibility of a debtor to proceed under chapter 13 and under subchapter V of chapter 11. The increased debt thresholds lapsed on June 21, 2024, and as a result, the following Official Forms have been revised:
Official Form 101 - Voluntary Petition for Individuals Filing for Bankruptcy (Line 13)
Official Form 201 - Voluntary Petition for Non-Individuals Filing for Bankruptcy (Line 8)
The updated forms are available on the U.S. Courts website at https://www.uscourts.gov/forms/bankruptcy-forms