HR 7730 · 119th Congress — Bankruptcy Threshold Adjustment Act
Bankruptcy Threshold Adjustment Act of 2026 This bill restores changes that expired in 2024 applicable to debt limits for Subchapter V (small business reorganization) and Chapter 13 (the wage earner's plan) bankruptcies. Specifically, the…
- Congress
- 119
- Bill
- HR 7730
- Status
- In Progress
- Introduced
- 2026-02-26
- Latest action date
- 2026-08-27
Summary
Bankruptcy Threshold Adjustment Act of 2026 This bill restores changes that expired in 2024 applicable to debt limits for Subchapter V (small business reorganization) and Chapter 13 (the wage earner's plan) bankruptcies. Specifically, the bill increases the debt limit under Subchapter V from approximately $3. 4 million to $7. 5 million and increases the cumulative debt limit under Chapter 13 from approximately $2. Right now, the latest action is: Placed on the Union Calendar, Calendar No. 684. The listed sponsor is Rep. Cline, Ben [R-VA-6] [R].
This summary may describe an earlier version. Check the official record for current wording.
Latest action
Placed on the Union Calendar, Calendar No. 684.
Sponsors
- Rep. Cline, Ben [R-VA-6]
Republican · Virginia · House District 6 · Republican