[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.
------------------------------------------------------------------------
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