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Monday, March 08, 2004

CHAPTER 13 DEBT LIMITS INCREASED ADMINISTRATIVE OFFICE OF THE U.S. COURTS ANNOUNCES INCREASES IN VARIOUS DEBT LIMITS As of April 1, 2004 the eligibility debt limits for Chapter 13 pursuant to 11 U.S.C. § 109(e) are raised. The new limits are: Uncontingent, liquidated unsecured debts ... $307,675. Uncontingent, liquidated secured debts ...... $922,975 New limits for exemptions under 11 U.S.C. § 522(d): Section 522(d)--value of property exemptions allowed to the debtor: (1)--in paragraph (1)............... 18,450 (2)--in paragraph (2)............... 2,950 (3)--in paragraph (3)............... 475 9,850 (4)--in paragraph (4)............... 1,225 (5)--in paragraph (5)............... 975 9,250 (6)--in paragraph (6)............... 1,850 (7)--in paragraph (8)............... 9,850 (8)--in paragraph (11)(D).......... 18,450

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