Featured Commercial Law Online CLEs
Subchapter V After the Debt Limit Reversion: Eligibility Screening, Plan Confirmation, and Discharge Practice with S. 3977 on the Horizon
Adam R. Prescott · Kyung S. Lee · Kellie W. Fisher
The June 2024 reversion cut the Subchapter V debt ceiling from $7.5 million to its inflation-adjusted $3,424,000, stripping eligibility from a class of mid-size debtors who qualified two years ago—and S. 3977, introduced in March 2026, would restore the higher figure, leaving the threshold a moving target counsel must screen against in real time. Any…
