2019 Bankruptcy Legal Updates
2019 Bankruptcy Legal Updates
2019 Bankruptcy Legal Updates
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2019 Changes to Means Test Median Family Income Amounts
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.
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2019 Changes to New Hampshire Motor Vehicle Bankruptcy Exemption
October 1, 2019. The amount of equity a New Hampshire bankruptcy filer can protect increased to $10,000 effective October 1, 2019.
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2019 Changes to Nevada Homestead Bankruptcy Exemption
October 1, 2019. The amount of equity a Nevada bankruptcy filer can protect in a home using the homestead exemption increases to $605,000 on October 1, 2019.
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2019 Changes to Utah Bankruptcy Exemption Amounts
May 14, 2019. Find out about the changes to Utah's bankruptcy exemption laws.
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2019 Revised Means Test Figures
April 1, 2019. Find out how to access the amounts needed to complete the means test for bankruptcy filings on or after April 1, 2019.
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2019 Changes to Federal Bankruptcy Exemption Amounts
April 1, 2019. Find out about the federal bankruptcy exemption increases that go into effect on April 1, 2019.
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2019 Changes to Bankruptcy Presumptive Fraud Amounts
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.
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2019 Changes to Bankruptcy Means Test Amounts
April 1, 2019. Some amounts used in the bankruptcy means test increase on April 1, 2019. Learn about the new means test figures for cases filed between April 1, 2019, and March 31, 2022.
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2019 Changes to Priority Bankruptcy Claim Amounts
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.
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2019 Changes to Chapter 13 Bankruptcy Amounts
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.
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2019 Changes to Ohio Bankruptcy Exemption Amounts
April 1, 2019. Ohio exemption figures used in bankruptcy cases increase on April 1, 2019.
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2019 Changes to California Bankruptcy Exemption Amounts
April 1, 2019. California exemption figures used in bankruptcy cases increase on April 1, 2019.
2019 Bankruptcy Updates (Continued)
2019 Bankruptcy Updates (Continued)
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Bankruptcy Courts Currently Open During Government Shutdown, but Services Might Change
January 2, 2019. Check your local court’s website to find out how the government shutdown might affect your case.