Legislation

Mass Torts

Please note that in order to view the content for the Bankruptcy Headlines please log in if you are already an ABI member, or otherwise you may Become an ABI Member

Legislative Highlights October 2024

Oct 2024

Topic Tags

Consumer Bankruptcy

Congress Still Has Not Passed Subchapter V Debt Limit Extension; Sen. Durbin Attempts to Break Logjam with Inclusion of Extension in Defense Authorization Bill

Small business debtors and other stakeholders hoping for an extension of the increased ($7.5 million) debt-eligibility limit for subchapter V cases, which sunsetted on June 21, 2024, will need to wait until the fall. On a more encouraging note, in July Sen. Richard Durbin attempted to break through several months of stagnation on the effort to pass an extension by proposing an amendment to Congress’s annual defense authorization bill that would extend the increased debt limit for two additional years, through June 21, 2026.

Amended Rules of Bankruptcy Procedure Effective Dec. 1, 2024

Dec 2024

Bankruptcy Code

542

Topic Tags

Thursday, September 12, 2024

Article Tags

Mass Torts

Please note that in order to view the content for the Bankruptcy Headlines please log in if you are already an ABI member, or otherwise you may Become an ABI Member

Monday, September 9, 2024

Article Tags

Please note that in order to view the content for the Bankruptcy Headlines please log in if you are already an ABI member, or otherwise you may Become an ABI Member

Legislative Highlights September 2024

Sept 2024

Topic Tags

Consumer Bankruptcy

To amend title 11, United States Code, to make the filing of a petition for relief under chapter 11 that is objectively futile or in subjective bad faith a cause for dismissal of the case, and for other purposes.

Tuesday, July 23, 2024

Article Tags

Court Administration

Full bill text.

Has Congress Opted Out of the Bankruptcy Clause?

Nov 2024

Bankruptcy Code

522

Topic Tags

Consumer Bankruptcy

Thursday, August 1, 2024

Article Tags

Asset Sales