[Federal Register Volume 78, Number 35 (Thursday, February 21, 2013)]
[Notices]
[Pages 12089-12091]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2013-03998]
=======================================================================
-----------------------------------------------------------------------
JUDICIAL CONFERENCE
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.
-----------------------------------------------------------------------
SUMMARY: Certain dollar amounts in title 11 and title 28, United States
Code, are increased.
FOR FURTHER INFORMATION CONTACT: Amanda L. Anderson, Chief, Bankruptcy
Judges Division, Administrative Office of the United States Courts,
Washington, DC 20544, telephone (202) 502-1900, or by email 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. 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, 2013. Seven
Official Bankruptcy Forms (1, 6C, 6E, 7, 10, 22A and 22C) and two
Director's Forms (200 and 283) also will be amended to reflect these
adjusted dollar amounts.
Dated: February 12, 2013.
Amanda L. Anderson,
Chief, Bankruptcy Judges Division.
[[Page 12090]]
------------------------------------------------------------------------
Dollar amount to New (adjusted)
28 U.S.C. be adjusted dollar amount
------------------------------------------------------------------------
1409(b)--a trustee may commence
a proceeding arising in or
related to a case to recover:
(1)--money judgment of or $1,175............ $1,250.
property worth less than.
(2)--a consumer debt less $17,575........... $18,675.
than.
(3)--a non consumer debt $11,725........... $12,475.
against a non insider less
than.
------------------------------------------------------------------------
11 U.S.C.
------------------------------------------------------------------------
Section 101(3)--definition of $175,750.......... $186,825.
assisted person.
Section 101(18)--definition of $3,792,650 (each $4,031,575 (each
family farmer. time it appears). time it appears).
101(19A)--definition of family $1,757,475 (each $1,868,200 (each
fisherman. time it appears). time it appears).
101(51D)--definition of small $2,343,300 (each $2,490,925 (each
business debtor. time it appears). time it appears).
Section 109(e)--allowable debt $360,475 (each $383,175 (each
limits for individual filing time it appears). time it appears)
bankruptcy under chapter 13. $1,081,400 (each $1,149,525 (each
time it appears). time it appears).
------------------------------------------------------------------------
Section 303(b)--minimum
aggregate claims needed for the
commencement of involuntary
chapter 7 or chapter 11
bankruptcy:
(1)--in paragraph (1)....... $14,425........... $15,325.
(2)--in paragraph (2)....... $14,425........... $15,325.
------------------------------------------------------------------------
Section 507(a)--priority
expenses and claims:
(1)--in paragraph (4)....... $11,725........... $12,475.
(2)--in paragraph (5)....... $11,725........... $12,475.
(3)--in paragraph (6)....... $5,775............ $6,150.
(4)--in paragraph (7)....... $2,600............ $2,775.
------------------------------------------------------------------------
Section 522(d)--value of
property exemptions allowed to
the debtor:
(1)--in paragraph (1)....... $21,625........... $22,975.
(2)--in paragraph (2)....... $3,450............ $3,675.
(3)--in paragraph (3)....... $550.............. $575.
$11,525........... $12,250.
(4)--in paragraph (4)....... $1,450............ $1,550.
(5)--in paragraph (5)....... $1,150............ $1,225.
$10,825........... $11,500.
(6)--in paragraph (6)....... $2,175............ $2,300.
(7)--in paragraph (8)....... $11,525........... $12,250.
(8)--in paragraph (11)(D)... $21,625........... $22,975.
------------------------------------------------------------------------
522(f)(3)--exception to lien $5,850............ $6,225.
avoidance under certain state
laws.
522(f)(4)--items excluded from $600 (each time it $650 (each time it
definition of household goods appears). appears).
for lien avoidance purposes.
522(n)--maximum aggregate value $1,171,650........ $1,245,475.
of assets in individual
retirement accounts exempted.
522(p)--qualified homestead $146,450.......... $155,675.
exemption.
522(q)--state homestead $146,450.......... $155,675.
exemption.
------------------------------------------------------------------------
523(a)(2)(C)--exceptions to
discharge:
in subclause (i)(I)-- $600.............. $650.
consumer debts, incurred
<=90 days before filing
owed to a single creditor
in the aggregate.
in subclause (i)(II)--cash $875.............. $925.
advances incurred <=70 days
before filing in the
aggregate.
------------------------------------------------------------------------
541(b)--property of the estate
exclusions:
(1)--in paragraph (5)(C)-- $5,850............ $6,225.
education IRA funds in the
aggregate.
(2)--in paragraph (6)(C)-- $5,850............ $6,225.
pre-purchased tuition
credits in the aggregate.
------------------------------------------------------------------------
547(c)(9)--preferences, trustee $5,850............ $6,225.
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 $7,025............ $7,475.
(2)(A)(i)(I).
(2)--in paragraph $11,725........... $12,475.
(2)(A)(i)(II).
(3)--in paragraph $1,775............ $1,875.
(2)(A)(ii)(IV).
(4)--in paragraph $7,025............ $7,475.
(2)(B)(iv)(I).
(5)--in paragraph $11,725........... $12,475.
(2)(B)(iv)(II).
[[Page 12091]]
(6)--in paragraph (5)(B).... $1,175............ $1,250.
(7)--in paragraph 6(C)...... $625.............. $675.
(8)--in paragraph 7(A)(iii). $625.............. $675.
------------------------------------------------------------------------
1322(d)--contents of chapter 13 $625 (each time it $675 (each time it
plan, monthly income. appears). appears).
1325(b)--chapter 13 confirmation $625 (each time it $675 (each time it
of plan, disposable income. appears). appears).
1326(b)(3)--payments to former $25............... $25.
chapter 7 trustee.
------------------------------------------------------------------------
[FR Doc. 2013-03998 Filed 2-20-13; 8:45 am]
BILLING CODE 2210-55-P