November 1, 2019. The median family income amounts used to complete the means test change on November 1, 2019. A bankruptcy filer must compare actual income to the median family income amounts when qualifying for Chapter 7 bankruptcy. The median family income amounts also help determine the length and amount of a Chapter 13 repayment plan.
April 1, 2019 The 2019 presumptive fraud limits for consumer debts owed to a single creditor for luxury goods or services incurred by an individual debtor on or within 90 days before filing for bankruptcy is $725, and $1,000 for consumer credit cash advances obtained by an individual debtor on or within 70 days before filing for bankruptcy.
April 1, 2019. The maximum amount a creditor can recover on certain priority claims will increase on April 1, 2019, as follows: wages, salaries, and commissions to $13,650; employee benefit plans to $13,650; fish sold to a storage or processing facility to $6,725; and lease, rental, and purchase deposits to $3,025.
April 1, 2019. On April 1, 2019, the limits of $394,725 for unsecured debt and $1,184,200 for secured debt will increase to $419,275 for unsecured debt and $1,257850 for secured debt. The amount by which a family with more than four members can increase the state's median monthly income changes from $700 per person to $750 per person.