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Reprinted from April 2004 ABI Journal April 1, 2004

Web posted and Copyright © April 1, 2004, American Bankruptcy Institute.

Ch. 13 Debt Limits, Exemption Limits Raised

s of April 1, 2004, the eligibility debt limits for chapter 13 pursuant to 11 USC §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 USC §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 and $9,850
    4. in paragraph (4)—$1,225
    5. in paragraph (5)—$975 and $9,250
    6. in paragraph (6)—$1,850
    7. in paragraph (8)—$9,850
    8. in paragraph (11)(D)—$18,450

These dollar amounts adjust every three years on April 1.



 

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