From the California Lawyers Assn – Insolvency Law Committee |
REMINDER: On March 28, 2022, certain provisions in the CARES Act expire. Importantly for insolvency practitioners, the amount of eligible debt permissible for a debtor to file under subchapter V decreases from $7,500,000 back to the original amount of $2,725,625. It is uncertain whether Congress will extend this provision before it expires. |