Senate places Bankruptcy Threshold Adjustment Act of 2026 on legislative calendar
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The Senate has placed the Bankruptcy Threshold Adjustment Act of 2026 on its legislative calendar. This bill would update the specific dollar amounts used to determine how much debt a person can carry before they are required to file for bankruptcy under certain federal rules.
Why it matters: This is a technical administrative update designed to adjust financial limits so they don’t become outdated due to inflation.
Who it affects
- Individuals filing for bankruptcy
This information comes from Congress.gov regarding the Senate; readers should consult the full text of the bill before relying on it for legal or financial decisions.
Agency: Senate
Source: Congress.gov — read the official document