[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]


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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.

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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
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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     $1,175............  $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).
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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.
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[FR Doc. 2013-03998 Filed 2-20-13; 8:45 am]
BILLING CODE 2210-55-P