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ABI Supports Bipartisan Legislation to Extend Debt Sublimit for Subchapter V - News

The American Bankruptcy Institute (ABI) supports the recently introduced S. 4150 by Sen. Richard Durbin (D-Ill.) to extend key provisions of the “Bankruptcy Threshold Adjustment and Technical Corrections Act” that were due to sunset on June 21 for an additional two years to 2026. S. 4150, cosponsored by Sens.  Lindsey Graham (R-S.C.), Sheldon...
United States John Cornynr Texas Lindsey Graham Soneet Kapila Sheldon Whitehouse Chuck Grassleyr Iowa

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Small Business Subchapter V Bankruptcy Filings Increase 81% Y/Y, Commercial Chapter 11 Filings Up 32% Y/Y - News

Small business filings, captured as subchapter V elections within Chapter 11, increased 81 percent to 157 in April 2023 from 87 in April 2022, according to data provided by Epiq Bankruptcy, the leading provider of U.S. bankruptcy filing data. All Chapter 11 filings increased 32 percent in April 2023 to 277 from the 210 filings in April 2022....
United States Amy Quackenboss Gregg Morin Subchapterv Task Business Development Epiq Bankruptcy

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