How 11 U.S.C. § 1192 applies in Illinois — federal bankruptcy law, Illinois district data.
Subchapter V of Chapter 11 (enacted by SBRA 2019) provides a streamlined reorganization path for small-business debtors. §1192 governs the discharge: available after completion of plan payments in most cases, or at plan confirmation in limited consensual cases. Broader scope than Chapter 7 but narrower than the pre-2005 Chapter 11 discharge.
Districts covered: N.D. Ill., C.D. Ill., S.D. Ill..
The rules above are federal — they apply identically in every state. What varies by state is exemptions (§522), median income thresholds (means test), and case-law interpretations of ambiguous terms. For a Illinois-specific answer, check the screener or consult a local attorney.
Check §1192 Subchapter V Discharge against your case →