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" ... 2. Subchapter V and the Increase in the Debt Limit. In August 2019, the President signed into law a new small business section of the Bankruptcy Code, the Small Business Reorganization Act of 2019, called “Subchapter V.” Subchapter V was originally enacted to provide a way for smaller companies to move through Chapter 11 in a few months, rather than a year or longer. When enacted, the debt limit was $2,700,000. However, when Congress passed the CARES Act, it increased the debt limit to $7,500,000 for one year. It is estimated that at least 1,000 companies have filed under this portion of the Bankruptcy Code. The higher debt limit is scheduled to expire at the end of March 2021. Unless extended by Congress, as of April, the debt limit will once again be reduced to $2,700,000 ... "
" ... 38 U.S.C. § 3101(a) was enacted in 1970 and provided educational expense reimbursement rights for veterans. The statute contained the following language with respect to the tax-free nature of reimbursement when received by veterans: ... "