2020 Bankruptcy Legal Updates
2020 Bankruptcy Updates
2020 Bankruptcy Updates
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2020 Changes to Bankruptcy Means Test Median Family Income Amounts
The bankruptcy means test median family income amounts change on November 1, 2020. Includes the latest figures for all states, commonwealth, and United States territories.
2020 Bankruptcy Updates (Continued)
2020 Bankruptcy Updates (Continued)
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2020 Revised Bankruptcy Administrative Expense Multipliers
Starting October 1, 2020, Alabama and North Carolina bankruptcy debtors will begin using new administrative expense multipliers when qualifying for Chapter 7 bankruptcy and establishing Chapter 13 payment plan amounts.
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2020 Changes to Minnesota Bankruptcy Exemption Amounts
July 1, 2020. Minnesota exemption figures used to protect property in bankruptcy cases will increase on July 1, 2020.
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2020 Changes to Virginia Bankruptcy Exemptions
July 2020. Virginia creates a new exemption effective July 2020. Filers will be able to exempt an additional $25,000 in real or personal property used as a residence.
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Telephonic or Video 341 Meeting Requirement Extended During Coronavirus Outbreak
June 12, 2020. The U.S. Trustee Program extends and modifies the previous order disallowing in-person creditor meetings.
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2020 New Louisiana COVID-19 Bankruptcy Exemption
June 2020. New Louisiana COVID-19 bankruptcy exemption.
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In-Person 341 Meetings Forbidden in Bankruptcy During Coronavirus Outbreak
April 24, 2020. The U.S. Trustee Program extends order disallowing in-person creditor meetings.
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2020 Revised Bankruptcy Means Test Figures
April 1, 2020, and May 1, 2020. Revised means test figures are available for cases filed during April 2020, and cases filed on or after May 1, 2020. Yearly median income amounts changed April 1, 2020. Other means test multipliers will change May 1, 2020.
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CARES Act Fails to Protect Stimulus Checks From Debt Collectors and Bankruptcy
April 2020. Debtors should be aware of creditors eyeing stimulus checks issued pursuant to the CARES Act in response to the COVID-19 outbreak.
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2020 Changes to Michigan Homestead Exemption Amount
April 2020. Michigan’s homestead exemption amount increased to $40,475 effective April 2020.
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Florida Southern District Bankruptcy Court Closes Physical Locations Due to Coronavirus (COVID-19)
March 30, 2020. To limit transmission of COVID-19, the Miami, Fort Lauderdale, and West Palm Beach divisions of the United States Bankruptcy Court, Southern District of Florida, will close to the public on Monday, March 30, 2020, and remain closed indefinitely.
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CARES Act: Filers Must Use New Official Bankruptcy Forms
March 27, 2020. Learn where to find the bankruptcy forms changed by the CARES Act in response to the COVID-19 outbreak.
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CARES Act Stimulus Payments Don’t Affect Bankruptcy Qualification
March 26, 2020. CARES Act stimulus payments are not counted as current monthly income or disposable income when filing for bankruptcy. Find out where to find the new bankruptcy forms.
2020 Bankruptcy Updates (Continued)
2020 Bankruptcy Updates (Continued)
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New Jersey Bankruptcy Court Closes Physical Locations Due to Coronavirus (COVID-19)
March 26, 2020. In response to COVID-19, the Chief Justice of the United States Bankruptcy Court, District of New Jersey, has ordered the physical locations of the Martin Luther King and Frank R. Lautenberg Courthouses in Newark, New Jersey, closed from March 26, 2020, until April 6, 2020.
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March 26, 2020. The United States Bankruptcy Court, Middle District of North Carolina closed public intake counters to limit transmission of COVID-19.
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California Northern District Bankruptcy Court Closes Physical Location Due to Coronavirus (COVID-19)
March 25, 2020. The San Jose location of the United States Bankruptcy Court, Northern District of California is closed until April 7, 2020 due to a visitor’s COVID-19 treatment.
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Bankruptcy Procedures Change Due to Coronavirus Outbreak
March 24, 2020. Check with your bankruptcy court for changes made to accommodate social distancing.
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Coronavirus Pushes Back Deadline for Bankruptcy Filers to Get REAL ID
March 23, 2020. If you're planning on filing for bankruptcy soon, be sure to get your REAL ID.
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2020 Changes to Idaho Bankruptcy Exemption Amounts
March 2020. Idaho’s exemption amounts increase effective March 2020 in the following categories: household furnishings and other personal property; tools of the trade and professional books; motor vehicles; crops; firearms; and earnings. The wildcard and homestead exemptions increased, as well.
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March 2020. The Washington Eastern District Bankruptcy Court has modified filing and appearance procedures in response to the coronavirus (COVID-19) outbreak.
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2020 Changes to Utah Bankruptcy Exemption Amounts
January 1, 2020. Utah real property bankruptcy exemptions change.
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2020 California Adopts New Bankruptcy Exemptions
January 1, 2020, and September 1, 2020. New California bankruptcy exemptions protect bank account funds and FEMA benefits. Find out about the phased-in exemptions.
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2020 Changes to Washington State Bankruptcy Exemptions
January 2020. The wildcard amount that a filer can use to protect bank account funds increased from $500 to $2,000.