Revision of Certain Dollar Amounts in the Bankruptcy Code Prescribed Under Section 104(a) of the Code
| Published date | 12 February 2019 |
| Citation | 84 FR 3488 |
| Record Number | 2019-01903 |
| Section | Notices |
| Court | Judicial Conference Of The United States |
Federal Register, Volume 84 Issue 29 (Tuesday, February 12, 2019)
[Federal Register Volume 84, Number 29 (Tuesday, February 12, 2019)]
[Notices]
[Pages 3488-3489]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-01903]
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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: Pursuant to section 104 of Title 11, United States Code,
certain dollar amounts in title 11 and title 28, United States Code,
are increased.
FOR FURTHER INFORMATION CONTACT: Michele Reed, Chief, Judicial Services
Office, Administrative Office of the United States Courts, Washington,
DC 20544, Telephone (202) 502-1800, or by email at
Judicial_Services_Office@ao.uscourts.gov.
SUPPLEMENTARY INFORMATION: Section 104(a) of title 11, United States
Code, provides the mechanism for an automatic three-year adjustment of
dollar amounts in certain sections of titles 11 and 28. Public Law 95-
598 (1978); Public Law 103-394 (1994); Public Law 109-8 (2005); and
Public Law 110-406 (2008). The provision states:
(a) On April 1, 1998, and at each 3-year interval ending April 1
thereafter, each dollar amount in effect 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) of this title 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) of this title 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, April 1, 2019. Seven
Official Bankruptcy Forms (106C, 107, 122A-2, 122C-2, 201, 207, and
410) and two Director's Forms (2000 and 2830), also will be amended to
reflect these adjusted dollar amounts.
Dated: February 5, 2019.
Michele Reed,
Chief, Judicial Services Office.
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New (adjusted)
Affected sections of Title 28 U.S.C. Dollar amount to dollar amount
and the bankruptcy code be adjusted \1\
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28 U.S.C.
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Section 1409(b)--a trustee may
commence a proceeding arising in or
related to a case to recover.......
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(1)--money judgment of or $1,300 $1,375
property worth less than.......
(2)--a consumer debt less than.. 19,250 20,450
(3)--a non consumer debt against 12,850 13,650
a non insider less than........
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11 U.S.C.
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Section 101(3)--definition of 192,450 204,425
assisted person....................
Section 101(18)--definition of (*) 4,153,150 (*) 4,411,400
family farmer......................
Section 101(19A)--definition of (*) 1,924,550 (*) 2,044,225
family fisherman...................
Section 101(51D)--definition of (*) 2,566,050 (*) 2,725,625
small business debtor..............
Section 109(e)--debt limits for (*) 394,725 (*) 419,275
individual filing bankruptcy under
chapter 13.........................
(*) 1,184,200 1,257,850
Section 303(b)--minimum aggregate
claims needed for the commencement
of an involuntary chapter 7 or 11
petition...........................
(1)--in paragraph (1)........... 15,775 16,750
(2)--in paragraph (2)........... 15,775 16,750
Section 507(a)--priority expenses
and claims.........................
(1)--in paragraph (4)........... 12,850 13,650
(2)--in paragraph (5)(B)(i)..... 12,850 13,650
(3)--in paragraph (6)(B)........ 6,325 6,725
(4)--in paragraph (7)........... 2,850 3,025
Section 522(d)--value of property
exemptions allowed to the debtor...
(1)--in paragraph (1)........... 23,675 25,150
(2)--in paragraph (2)........... 3,775 4,000
[[Page 3489]]
(3)--in paragraph (3)........... 600 625
12,625 13,400
(4)--in paragraph (4)........... 1,600 1,700
(5)--in paragraph (5)........... 1,250 1,325
11,850 12,575
(6)--in paragraph (6)........... 2,375 2,525
(7)--in paragraph (8)........... 12,625 13,400
(8)--in paragraph (11)(D)....... 23,675 25,150
Section 522(f)(3)--exception to lien 6,425 6,825
avoidance under certain state laws.
Section 522(f)(4)--items excluded (*) 675 (*) 725
from definition of household goods
for lien avoidance purposes........
Section 522(n)--maximum aggregate 1,283,025 1,362,800
value of assets in individual
retirement accounts exempted.......
Section 522(p)--qualified homestead 160,375 170,350
exemption..........................
Section 522(q)--state homestead 160,375 170,350
exemption..........................
Section 523(a)(2)(C)--exceptions to
discharge..........................
(1)--in paragraph (i)(I)-- 675 725
consumer debts for luxury goods
or services incurred < 90 days
before filing owed to a single
creditor in the aggregate......
(2)--in paragraph (i)(II)--cash 950 1,000
advances incurred < 70 days
before filing in the aggregate.
Section 541(b)--property of the
estate exclusions..................
(1)--in paragraph (5)(C)-- 6,425 6,825
education IRA funds in the
aggregate......................
(2)--in paragraph (6)(C)--pre- 6,425 6,825
purchased tuition credits in
the aggregate..................
(3)--in paragraph (10)(C)-- 6,425 6,825
qualified ABLE program funds in
the aggregate..................
Section 547(c)(9)--preferences, 6,425 6,825
trustee 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...........
Section 707(b)--dismissal of a
chapter 7 case or conversion to
chapter 11 or 13 (means test)......
(1)--in paragraph (2)(A)(i)(I).. 7,700 8,175
(2)--in paragraph (2)(A)(i)(II). 12,850 13,650
(3)--in paragraph (2)(A)(ii)(IV) 1,925 2,050
(4)--in paragraph (2)(B)(iv)(I). 7,700 8,175
(5)--in paragraph (2)(B)(iv)(II) 12,850 13,650
(6)--in paragraph (5)(B)........ 1,300 1,375
(7)--in paragraph (6)(C)........ 700 750
(8)--in paragraph (7)(A)(iii)... 700 750
Section 1322(d)--contents of chapter (*) 700 (*) 750
13 plan, monthly income............
Section 1325(b)--chapter 13 (*) 700 (*) 750
confirmation of plan, disposable
income.............................
Section 1326(b)(3)--payments to 25 25
former chapter 7 trustee...........
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\1\ The New (Adjusted) Dollar Amounts reflect a 6.218 percent increase,
rounded to the nearest $25.
* Each time it appears.
[FR Doc. 2019-01903 Filed 2-11-19; 8:45 am]
BILLING CODE 2210-55-P
