[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 
[email protected].

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.

------------------------------------------------------------------------
                                                         New (adjusted)
Affected sections of Title 28 U.S.C.  Dollar amount to    dollar amount
       and the bankruptcy code           be adjusted           \1\
------------------------------------------------------------------------
                                28 U.S.C.
------------------------------------------------------------------------
Section 1409(b)--a trustee may
 commence a proceeding arising in or
 related to a case to recover.......
------------------------------------------------------------------------
    (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........
------------------------------------------------------------------------
                                11 U.S.C.
------------------------------------------------------------------------
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