Ch. 13 Debt Limits Exemption Limits Raised
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As 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:
- in paragraph (1)—$18,450
- in paragraph (2)—$2,950
- in paragraph (3)—$475 and $9,850
- in paragraph (4)—$1,225
- in paragraph (5)—$975 and $9,250
- in paragraph (6)—$1,850
- in paragraph (8)—$9,850
- in paragraph (11)(D)—$18,450
These dollar amounts adjust every three years on April 1.
Journal Date:
Thursday, April 1, 2004