How Can Bankruptcy Help You In Your Debt?

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How Can Bankruptcy Help You In Your Debt?

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How New Bankruptcy Thresholds Can Aid in Your Debt Relief

Are you dealing with debt and considering bankruptcy? There are new bankruptcy eligibility requirements that can make you eligible. Here’s everything you need to know:

What is the Act to Adjust the Threshold for Bankruptcy and Technical Corrections?

The Bankruptcy Threshold Adjustment and Technical Corrections Act was signed by President Biden on June 21, 2022 ( This measure modified the maximum debt that a debtor might have in order to qualify for bankruptcy protection under the small business reorganisation act. The debt ceiling is also raised to account for inflation.


So, what else does the bill accomplish for you?

If you operate a small firm, you may be able to reorganise using bankruptcy protections and meet the extended debt level. The debt ceiling for people using Chapter 13 has been raised to $2,750,000, allowing more people to prevent the foreclosure of their houses. In addition, both secured and unsecured debt will be included in the enhanced ceiling.

Do You Need More Details?

Bankruptcy Threshold Adjustment and Technical Corrections Act may be viewed online at this link (

We want you to be certain that we are the ideal fit for you and that you are the appropriate fit for us. In order for us to provide you with counsel to the utmost extent of the law, this will enable you to feel entirely at ease disclosing sensitive and challenging elements of your case. Call us right now to schedule a no-cost consultation.

If you are around Los Angeles or Texas, you can consult a renowned firm named Recovery Law Group who can help you with all your issues related to Bankruptcy, You can get in touch with them using this phone number – (888-297-6203) or the link