Public Law 117-151 | Public Law 117–151: To amend title 11, United States Code, to modify the eligibility requirements for a debtor under chapter 13, and for other purposes.

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PUBLIC LAW 117–151—JUNE 21, 2022

BANKRUPTCY THRESHOLD ADJUSTMENT AND TECHNICAL CORRECTIONS ACT

136 STAT. 1298

Public Law

117–151

117th Congress

An Act

To amend title 11, United States Code, to modify the eligibility requirements for a debtor under chapter 13, and for other purposes.

June 21, 2022

[S. 3823]

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

Bankruptcy

Threshold Adjustment

and Technical Corrections Act.

SECTION 1.

11 USC 101 note.

SHORT TITLE.

This Act may be cited as the “

Bankruptcy Threshold Adjustment and Technical Corrections Act

”.

SEC. 2.

BANKRUPTCY AMENDMENTS.

(a)

Definition of Small Business Debtor.—

Section 101(51D)(B) of title 11, United States Code,

is amended

—

(1)

in clause (i), by

inserting

“under this title” after “affiliated debtors”; and

(2)

in clause (iii), by

striking

“an issuer” and all that follows and

inserting

“a corporation described in clause (ii).”.

(b)

Adjustments for Inflation.—

Section 104 of title 11, United States Code,

is amended

—

(1)

in subsection (a), by

inserting

“1182(1),” after “707(b),”; and

(2)

in subsection (b), by

inserting

“1182(1),” after “707(b),”.

(c)

Who May Be a Debtor Under Chapter 13.—

Section 109 of title 11, United States Code

is amended

striking

subsection (e) and

inserting

the following:

“(e)

Only an individual with regular income that owes, on the date of the filing of the petition, noncontingent, liquidated debts of less than $2,750,000 or an individual with regular income and such individual’s spouse, except a stockbroker or a commodity broker, that owe, on the date of the filing of the petition, noncontingent, liquidated debts that aggregate less than $2,750,000 may be a debtor under chapter 13 of this title.”

(d)

Definition of Debtor.—

Section 1182(1) of title 11, United States Code,

is amended

to read as follows:

“(1)

Debtor.—

The term ‘

debtor

’—

“(A)

subject to subparagraph (B), means a person engaged in commercial or business activities (including any affiliate of such person that is also a debtor under this title and excluding a person whose primary activity is the business of owning single asset real estate) that has aggregate noncontingent liquidated secured and unsecured debts as of the date of the filing of the petition or the date of the order for relief in an amount not more than $7,500,000 (excluding debts owed to 1 or more affiliates or insiders) not less than 50 percent of which arose 136 STAT. 1299 from the commercial or business activities of the debtor; and

“(B)

does not include—

“(i)

any member of a group of affiliated debtors under this title that has aggregate noncontingent liquidated secured and unsecured debts in an amount greater than $7,500,000 (excluding debt owed to 1 or more affiliates or insiders);

“(ii)

any debtor that is a corporation subject to the reporting requirements under section 13 or 15(d) of the Securities Exchange Act of 1934 (15 U.S.C. 78m, 78o(d)); or

“(iii)

any debtor that is an affiliate of a corporation described in clause (ii).”

(e)

Trustee.—

Section 1183(b)(5) of title 11, United States Code,

is amended

—

(1)

striking

“possession, perform” and

inserting

“possession—

“(A)

perform”

;

(2)

in subparagraph (A), as so designated—

(A)

striking

“, including operating the business of the debtor”; and

(B)

adding

“and” at the end; and

(3)

adding

at the end the following:

“(B)

be authorized to operate the business of the debtor;”

(f)

Confirmation of Plan.—

Section 1191(c) of title 11, United States Code,

is amended

striking

paragraph (3) and

inserting

the following:

“(3)

(A)

The debtor will be able to make all payments under the plan; or

“(B)

(i)

there is a reasonable likelihood that the debtor will be able to make all payments under the plan; and

“(ii)

the plan provides appropriate remedies, which may include the liquidation of nonexempt assets, to protect the holders of claims or interests in the event that the payments are not made.”

(g)

Technical Corrections to the Bankruptcy Administration Improvement Act.—

Section 589a of title 28, United States Code

is amended

—

(1)

in subsection (c) by

striking

“subsection (a)” and

inserting

“subsections (a) and (f)”; and

(2)

in subsection (f)(1)—

(A)

in the matter preceding subparagraph (A), by

striking

“subsections (b) and (c)” and

inserting

“subsection (b)(5)”; and

(B)

in subparagraph (A), by

inserting

“needed to offset the amount” after “amounts”.

(h)

Effective Date; Applicability.—

(1)

11 USC 104 note.

In general.—

Subsections (b) and (c) and the amendments made by subsections (b) and (c) shall take effect on the date of enactment of this Act.

(2)

11 USC 101 note.

Retroactive application of certain amendments.—

The amendments made by subsections (a), (d), (e), and (f) shall apply with respect to any case that—

(A)

is commenced under title 11, United States Code, on or after March 27, 2020; and136 STAT. 1300

(B)

with respect to a case that was commenced on or after March 27, 2020 and before the date of enactment of this Act, is pending on the date of enactment of this Act.

(3)

28 USC 589a note.

Effective date of technical corrections to baia.—

The amendments made by subsection (g) shall take effect as if enacted on October 1, 2021.

(i)

Sunsets.—

(1)

In general.
Effective date.
11 USC 109 note.
—

Effective on the date that is 2 years after the date of enactment of this Act—

(A)

subsection (e) of section 109 of title 11, United States Code

is amended

to read as such subsection read on the day before the date of enactment of this Act; and

(B)

section 1182(1) of title 11, United States Code,

is amended

to read as follows:

“(1)

Definition.

Debtor.—

The term ‘

debtor

’ means a small business debtor.”

(2)

Amounts.
Applicability.
11 USC 109 note.
—

For purposes of applying subsection (e) of section 109 of title 11, United States Code, as amended by paragraph (1)(A), the amounts specified in such subsection shall be the amounts that were in effect on the day before the date of enactment of this Act.

Approved June 21, 2022.

LEGISLATIVE HISTORY—S. 3823:

CONGRESSIONAL RECORD, Vol. 168 (2022):

Apr. 7, considered and passed Senate.

June 7, considered and passed House.

○

Public Law 117–151: To amend title 11, United States Code, to modify the eligibility requirements for a debtor under chapter 13, and for other purposes.

SHORT TITLE.

BANKRUPTCY AMENDMENTS.

Definition of Small Business Debtor.—

Adjustments for Inflation.—

Who May Be a Debtor Under Chapter 13.—

Definition of Debtor.—

Debtor.—

Trustee.—

Confirmation of Plan.—

Technical Corrections to the Bankruptcy Administration Improvement Act.—

Effective Date; Applicability.—

In general.—

Retroactive application of certain amendments.—

Effective date of technical corrections to baia.—

Sunsets.—

In general.Effective date.11 USC 109 note.—

Debtor.—

Amounts.Applicability.11 USC 109 note.—

LEGISLATIVE HISTORY—S. 3823:

CONGRESSIONAL RECORD, Vol. 168 (2022):

Continue sua pesquisa no ChatGPT ou Claude

In general.
Effective date.
11 USC 109 note.
—

Amounts.
Applicability.
11 USC 109 note.
—