[Federal Register Volume 75, Number 37 (Thursday, February 25, 2010)]
[Notices]
[Pages 8747-8749]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-3807]
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JUDICIAL CONFERENCE OF THE UNITED STATES
Revision of Certain Dollar Amounts in the Bankruptcy Code
Prescribed Under Section 104(A) of the Code
AGENCY: Judicial Conference of the United States.
ACTION: Notice.
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SUMMARY: Certain dollar amounts in title 11 and title 28, United States
Code, are increased.
FOR FURTHER INFORMATION CONTACT: Francis F. Szczebak, Chief, Bankruptcy
Judges Division, Administrative Office of the United States Courts,
Washington, DC 20544, telephone (202) 502-1900 or by e-mail at
[email protected].
SUPPLEMENTARY INFORMATION: Section 104(a) of title 11, United States
Code, provides the mechanism for an automatic 3-year adjustment of
dollar amounts in certain sections of titles 11 and 28. Bankruptcy
Reform Act of 1994, Public Law 103-394, section 108(e), (1994) as
amended by Bankruptcy Abuse Prevention and Consumer Protection Act of
2005, Public Law 109-8, section 102(j), (2005) and Public Law 110-406,
(2008). The provision states:
[[Page 8748]]
(a) On April 1, 1998, and at each 3-year interval ending April 1
thereafter, each dollar amount in effect under 101(3), 101(18),
101(19A), 101(51D), 109(e), 303(b), 507(a), 522(d), 522(f)(3) and
522(f)(4), 522(n), 522(p), 522(q), 523(a)(2)(C), 541(b), 547(c)(9),
707(b), 1322(d), 1325(b), and 1326(b)(3) and section 1409(b) of
title 28 immediately before such April 1 shall be adjusted:
(1) to reflect the change in the Consumer Price Index for All
Urban Consumers, published by the Department of Labor, for the most
recent 3-year period ending immediately before January 1 preceding
such April 1, and
(2) to round to the nearest $25 the dollar amount that
represents such change.
(b) Not later than March 1, 1998, and at each 3-year interval
ending on March 1, thereafter, the Judicial Conference of the United
States shall publish in the Federal Register the dollar amounts that
will become effective on such April 1 under sections 101(3),
101(18), 101(19A), 101(51D), 109(e), 303(b), 507(a), 522(d),
522(f)(3) and 522(f)(4), 522(n), 522(p), 522(q), 523(a)(2)(C),
541(b), 547(c)(9), 707(b), 1322(d), 1325(b), and 1326(b)(3) and
section 1409(b) of title 28.
(c) Adjustments made in accordance with subsection (a) shall not
apply with respect to cases commenced before the date of such
adjustments.
Revision of Certain Dollar Amounts in Bankruptcy Code
Notice is hereby given that the dollar amounts are increased in the
sections in title 11 and title 28, United States Code, as set out in
the following chart. These increases do not apply to cases commenced
before the effective date of the adjustments, i.e., April 1, 2010.
Seven Official Bankruptcy Forms (1, 6C, 6E, 7, 10, 22A and 22C) and two
Director's Forms (200 and 28.3) also will be amended to reflect these
adjusted dollar amounts.
Dated: February 19, 2010.
Francis F. Szczebak,
Chief, Bankruptcy Judges Division.
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Dollar amount to New (adjusted)
be adjusted dollar amount
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28 U.S.C.
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1409(b)--a trustee may commence
a proceeding arising in or
related to a case to recover
(1)--money judgment of or $1,100............ $1,175
property worth less than.
(2)--a consumer debt less 16,425............ 17,575
than.
(2)--a non consumer debt 10,950............ 11,725
against a non insider less
than.
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11 U.S.C.
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101(3)--definition of assisted 164,250........... 175,750
person.
101(18)(A) & (B)(ii)--definition 3,544,525 (each 3,792,650 (each
of family farmer. time it appears). time it appears).
101(19A)(A)(i) & (b)(ii)(II)-- 1,642,500 (each 1,757,475 (each
definition of family fisherman. time it appears). time it appears).
101(51D)(A) & (B)--definition of 2,190,000 (each 2,343,300 (each
small business debtor. time it appears). time it appears).
109(e)--allowable debt limits 336,900 (each time 360,475 (each time
for individual filing it appears). it appears).
bankruptcy under chapter 13.
1,010,650 (each 1,081,400 (each
time it appears). time it appears).
303(b)--minimum aggregate claims
needed for the commencement of
involuntary chapter 7 or
chapter 11 bankruptcy
(1)--in paragraph (1)....... 13,475............ 14,425
(2)--in paragraph (2)....... 13,475............ 14,425
507(a)--priority expenses and
claims
(1)--in paragraph (4)....... 10,950............ 11,725
(2)--in paragraph (5)....... 10,950............ 11,725
(3)--in paragraph (6)....... 5,400............. 5,775
(4)--in paragraph (7)....... 2,425............. 2,600
522(d)--value of property
exemptions allowed to the
debtor
(1)--in paragraph (1)....... 20,200............ 21,625
(2)--in paragraph (2)....... 3,225............. 3,450
(3)--in paragraph (3)....... 525............... 550
10,775............ 11,525
(4)--in paragraph (4)....... 1,350............. 1,450
(5)--in paragraph (5)....... 1,075............. 1,150
10,125............ 10,825
(6)--in paragraph (6)....... 2,025............. 2,175
(7)--in paragraph (8)....... 10,775............ 11,525
(8)--in paragraph (11)(D)... 20,200............ 21,625
522(f)(3)(B)--exception to lien 5,475............. 5,850
avoidance under certain state
laws.
522(f)(4)(B)--items excluded 550 (each time it 600 (each time it
from definition of household appears). appears).
goods for lien avoidance
purposes.
522(n)--maximum aggregate value 1,095,000......... 1,171,650
of assets in individual
retirement accounts exempted.
522(p)(1)--qualified homestead 136,875........... 146,450
exemption.
522(q)(1)--state homestead 136,875........... 146,450
exemption.
523(a)(2)(C)--exceptions to
discharge
in subclause (i)(I)-- 550............... 600
consumer debts, incurred
<=90 days before filing
owed to a single creditor
in the aggregate.
in subclause (i)(II)--cash 825............... 875
advances incurred <=70 days
before filing in the
aggregate.
541(b)--property of the estate
exclusions
(1)--in paragraph (5)(C)-- 5,475............. 5,850
education IRA funds in the
aggregate.
(2)--in paragraph (6)(C)-- 5,475............. 5,850
pre-purchased tuition
credits in the aggregate.
[[Page 8749]]
547(c)(9)--preferences, trustee 5,475............. 5,850
may not avoid a transfer if, in
a case filed by a debtor whose
debts are not primarily
consumer debts, the aggregate
value of property is less than.
707(b)--dismissal of a case or
conversion to a case under
chapter 11 or 13 (means test)
(1)--in paragraph 6,575............. 7,025
(2)(A)(i)(I).
(2)--in paragraph 10,950............ 11,725
(2)(A)(i)(II).
(3)--in paragraph 1,650............. 1,775
(2)(A)(ii)(IV).
(4)--in paragraph 6,575............. 7,025
(2)(B)(iv)(I).
(5)--in paragraph 10,950............ 11,725
(2)(B)(iv)(II).
(6)--in paragraph (5)(B).... 1,100............. 1,175
(7)--in paragraph 6(C)...... 575............... 625
(8)--in paragraph 7(A)(iii). 575............... 625
1322(d)(1)(c) & (2)(c)--contents 575 (each time it 625 (each time it
of chapter 13 plan, monthly appears). appears).
income.
1325(b)(3) & (b)(4)--chapter 13 575 (each time it 625 (each time it
confirmation of plan, appears). appears).
disposable income.
1326(b)(3)(B)--payments to 25................ 25
former chapter 7 trustee.
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[FR Doc. 2010-3807 Filed 2-24-10; 8:45 am]
BILLING CODE 2210-55-P