# Congress Boosts Small Business Bankruptcy Access

> Congress raises Subchapter V bankruptcy debt limit to $7.5m for small businesses.
- Title: Congress Boosts Small Business Bankruptcy Access · Inc
- Summary: Congress raises Subchapter V bankruptcy debt limit to $7.5m for small businesses. Congress permanently increased the Subchapter V bankruptcy debt ceiling to…
- Keywords: subchapter v, bankruptcy, small business, congress, debt ceiling, president trump, Boosts, Small, Business, Access, Inc
- Source: Inc — https://inc.com/melissa-angell/congress-has-made-it-easier-for-more-small-businesses-to-file-bankruptcy/91415793
- Read time: 1 min
- Topics: subchapter v, bankruptcy, small business, congress, debt ceiling, president trump
## Subchapter V Bankruptcy Expansion
Congress raised the Subchapter V bankruptcy debt limit to $7.5 million from $2.7 million.
## Permanent Debt Ceiling for Small Businesses
The new limit is permanent, helping businesses plan without expiration risks.
## Bankruptcy Process Benefits
Subchapter V offers faster, cheaper restructuring than Chapter 11 for small companies.
## Rising Small Business Bankruptcies
Small business bankruptcies increased 63 percent year-over-year in August.
## Key takeaway

Congress permanently increased the Subchapter V bankruptcy debt ceiling to $7.5 million, helping small businesses file without high costs.