The Bankruptcy Threshold Adjustment and Technical Corrections Act was signed into law by President Biden on Tuesday June 21.  The Act amends Section 1182(1) of the Bankruptcy Code to include the increased aggregate debt limit of $7.5 million in Subchapter V’s definition of a “debtor” (with a two year sunset from enactment).  In addition, the Corrections Act provides that an individual with regular income is eligible to be a debtor under Chapter 13 if the individual owes noncontingent, liquidated debts of less than $2.75 million as of the date of the petition (also with a two year sunset from enactment).