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Subchapter V Filings Plummet After Senate Fails to Keep Higher Limit Intact
[Editor's Note: This is a follow-up to the article on the October 2024 issue which provided a deep analysis of Congress allowing the COVID era higher limit to expire (see, "Congress' Failure to Extend Subchapter V Debt Limit Hurts Small Businesses") to show the effect that the fall back to the original dollar amount restriction.]
Subchapter V Filings for a recently crafted bankruptcy option meant to help small businesses overcome financial distress have plummeted after the U.S. Senate failed to pass a law that would keep its restrictions in place.
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