Legal Updates for Bankruptcy

2021 COVID-19 Stimulus "Recovery Rebate" Bankruptcy Exemption

Protect stimulus payments, tax credits, and child credits in bankruptcy with the new recovery rebate exemption.

2021 Revised Median Family Income Figures Available for Bankruptcy Cases

New means test figures are available for bankruptcy cases filed after April 1, 2021.

2021 Alabama Bankruptcy Exemption Changes

New Alabama bankruptcy exemption figures available effective April 1, 2021.

Bankruptcy Filing Fee Changes Go Into Effect on December 1, 2020

The Judicial Conference approved a bankruptcy filing fee increase effective December 1, 2020. The inflationary adjustments increase the Chapter 7 filing fee from $335 to $338, the Chapter 12 filing fee from $275 to $278, the Chapter 13 filing fee from $310 to $313, and the filing fee for Chapters 9, 11, and 15 from $1,717 to $1738.

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 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.

2019 Changes to Means Test Median Family Income Amounts

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.

2019 Changes to New Hampshire Motor Vehicle Bankruptcy Exemption

The amount of equity a New Hampshire bankruptcy filer can protect increased to $10,000 effective October 1, 2019.

2019 Changes to Nevada Homestead Bankruptcy Exemption

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.

2018 Changes to Nebraska Bankruptcy Exemption Amounts

Nebraska chose new bankruptcy exemption figures on July 19, 2018. The new exemption amounts increased the wildcard exemption, the motor vehicle exemption, and the tools of the trade exemption to $5,000 per exemption for each debtor.

2018 Changes to Washington State Bankruptcy Exemptions

Washington state bankruptcy exemption changes effective June 2018 include a new exemption for a cell phone, personal computer, and printer.

2018 Changes to New York Bankruptcy Exemption Amounts

Find the New York bankruptcy exemptions valid between April 1, 2018, and March 31, 2021.