Affected sections of Title 28 U.S.C. and the bankruptcy code | Dollar amount to be adjusted | New (adjusted) dollar amount 1 |
---|---|---|
28 U.S.C. | ||
Section 1409(b)—a trustee may commence a proceeding arising in or related to a case to recover: | ||
(1)—money judgment of or property worth less than | $1,375 | $1,525. |
(2)—a consumer debt less than | $20,450 | $22,700. |
(3)—a non-consumer debt against a non-insider less than | $25,000 | $27,750. |
11 U.S.C. | ||
Section 101(3)—definition of assisted person | $204,425 | $226,850. |
Section 101(18)—definition of family farmer | $10,000,000 (each time it appears) | $11,097,350 (each time it appears). |
Section 101(19A)—definition of family fisherman | $2,044,225 (each time it appears) | $2,268,550 (each time it appears). |
Section 101(51D)—definition of small business debtor | $2,725,625 (each time it appears) | $3,024,725 (each time it appears). |
Section 109(e)—debt limits for individual filing bankruptcy under chapter 13 | $419,275 (each time it appears) $1,257,850 (each time it appears) |
$465,275 (each time it appears). $1,395,875 (each time it appears). |
Section 303(b)—minimum aggregate claims needed for the commencement of an involuntary chapter 7 or 11 petition | $16,750 (each time it appears) | $18,600 (each time it appears). |
Section 507(a)—priority expenses and claims: | ||
(1)—in paragraph (4) | $13,650 | $15,150. |
(2)—in paragraph (5)(B)(i) | $13,650 | $15,150. |
(3)—in paragraph (6) | $6,725 | $7,475. |
(4)—in paragraph (7) | $3,025 | $3,350. |
Section 522(d)—value of property exemptions allowed to the debtor: | ||
(1)—in paragraph (1) | $25,150 | $27,900. |
(2)—in paragraph (2) | $4,000 | $4,450. |
(3)—in paragraph (3) | $625 $13,400 |
$700. $14,875. |
(4)—in paragraph (4) | $1,700 | $1,875. |
(5)—in paragraph (5) | $1,325 $12,575 |
$1,475. $13,950. |
(6)—in paragraph (6) | $2,525 | $2,800. |
(7)—in paragraph (8) | $13,400 | $14,875. |
(8)—in paragraph (11)(D) | $25,150 | $27,900. |
Section 522(f)(3)—exception to lien avoidance under certain state laws | $6,825 | $7,575. |
Section 522(f)(4)—items excluded from definition of household goods for lien avoidance purposes | $725 (each time it appears) | $800 (each time it appears). |
Section 522(n)—maximum aggregate value of assets in individual retirement accounts exempted | $1,362,800 | $1,512,350. |
Section 522(p)—state homestead exemption, limit for interest acquired 1215 days before filing | $170,350 | $189,050. |
Section 522(q)—state homestead exemption, limit under particular circumstances | $170,350 | $189,050. |
Section 523(a)(2)(C)—exceptions to discharge—presumption of nondischargeability: | ||
(1)—in paragraph (i)(I)—consumer debts for luxury goods or services incurred ≤90 days before filing owed to a single creditor in the aggregate | $725 | $800. |
(2)—in paragraph (i)(II)—certain cash advances obtained ≤70 days before filing, in the aggregate | $1,000 | $1,100. |
Section 541(b)—certain property of the estate exclusion limits | $6,825 (each time it appears) | $7,575 (each time it appears). |
Section 547(c)(9)—minimum preference avoidance value in cases with primarily non-consumer debts | $6,825 | $7,575. |
Section 707(b)—dismissal of a chapter 7 case or conversion to chapter 11 or 13 (means test): | ||
(1)—in paragraph (2)(A)(i)(I) | $8,175 | $9,075. |
(2)—in paragraph (2)(A)(i)(II) | $13,650 | $15,150. |
(3)—in paragraph (2)(A)(ii)(IV) | $2,050 | $2,275. |
(4)—in paragraph (2)(B)(iv)(I) | $8,175 | $9,075. |
(5)—in paragraph (2)(B)(iv)(II) | $13,650 | $15,150. |
(6)—in paragraph (5)(B) | $1,375 | $1,525. |
(7)—in paragraph (6)(C) | $750 | $825. |
(8)—in paragraph (7)(A)(iii) | $750 | $825. |
Section 1322(d)—length of chapter 13 plan, current monthly income, 4+ household | $750 (each time it appears) | $825 (each time it appears). |
Section 1325(b)—confirmation of chapter 13 plan, current monthly income, 4+ household | $750 (each time it appears) | $825 (each time it appears). |
Section 1326(b)(3)—payments to former chapter 7 trustee | $25 | $25. |
1 The New (Adjusted) Dollar Amounts reflect a 10.97347880254584 percent increase, rounded to the nearest $25. |
Home » Bankruptcy » Federal Bankruptcy Amounts Changed for April 1, 2022
About Albin Renauer
Albin Renauer is the founder of Legal Consumer, which he began in 2006 as an online companion to his book, How to File for Chapter 7 Bankruptcy. Albin received his J.D. from the University of Michigan Law School in 1985. He worked for various public-interest law firms in the Bay Area and also as a staff attorney for Chief Justice Rose Bird of the California Supreme Court. He also spent 17 years as an editor at Nolo, where he helped create numerous books and software programs, including the bestselling WillMaker. He edited Law on the Net, the first online directory of legal resources and was the architect of Nolo's Webby Award winning website during the dot-com boom.